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200.0

2023-03-09 00:00:00 UTC

MACOM (MTSI) Acquires Linearizer, Expands Product Portfolio

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https://www.nasdaq.com/articles/macom-mtsi-acquires-linearizer-expands-product-portfolio

MACOM Technology Solutions MTSI has acquired Linearizer Communications Group ("LCG") for $49 million. LCG is well-known for correcting distortion in communications systems and linear optical links. Moreover, the company focuses on non-linear microwave predistortion and high-performance microwave photonic solutions. We note that MACOM’s component and subsystem design capabilities are likely to get enhanced upon the completion of the underlined buyout. This, in turn, is expected to expand its end-market exposure, especially in the industrial and defense markets. Moreover, with LCG’s robust solutions, MACOM remains well-poised to gain solid momentum across terrestrial, avionic and space-based applications. MACOM Technology Solutions Holdings, Inc. Price and Consensus MACOM Technology Solutions Holdings, Inc. price-consensus-chart | MACOM Technology Solutions Holdings, Inc. Quote Growth Prospects The LCG acquisition is expected to expand MACOM’s footprint in the booming photonic solutions market. According to a report from Fortune Business Insights, the global photonics market is expected to reach $1.3 trillion by 2028, at a CAGR of 6.7% between 2021 and 2028. Per a Mordor Intelligence report, the market is anticipated to hit $1.1 trillion by 2027 at a CAGR of 7.5% between 2022 and 2027. Notably, MACOM’s strong prospects, in this promising market on the back of the underlined acquisition, will likely aid its financial performance in the near future. Also, the prospects are expected to aid MTSI in winning investors’ confidence. Coming to the price performance, MACOM has gained 20.5% in the past year, outperforming the industry’s growth of 12.9%. Portfolio Strength The latest move bodes well for the company’s growing efforts toward expanding its product portfolio. Apart from LCG, MACOM recently signed a definitive agreement to buy the assets and operations of OMMIC SAS. Notably, this acquisition is expected to drive MACOM’s momentum in microwave applications across the telecommunications, industrial, and aerospace and defense markets. Further, it will boost MACOM’s wafer production capability. Moreover, MTSI’s footprint in the European markets is expected to get strengthened upon the completion of the buyout. In addition to strategic acquisitions, MTSI recently unveiled a 226Gbps per lane technology product family that comprises transimpedance amplifiers, MATA-40734 and MATA-40736, externally modulated laser driver, MAOM-011112 and a photodiode, MARP-BP112. Notably, the new product family aids the development of 1.6TB optical modules. In addition, MTSI keeps bringing reliable and efficient technologies to provide better solutions to customers. We believe that MACOM’s portfolio strength will continue to help it sustain momentum among customers. Zacks Rank & Stocks to Consider Currently, MACOM carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader technology sector are Arista Networks ANET, Agilent Technologies A and AMETEK AME. While Arista Networks sports a Zacks Rank #1 (Strong Buy), Agilent and AMETEK carry a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here. Arista Networks shares have gained 22.7% in the past year. The long-term earnings growth rate for ANET is currently projected at 14.17%. Agilent shares have gained 4.9% in the past year. A’s long-term earnings growth rate is currently projected at 12%. AMETEK shares have gained 9.8% in the past year. The long-term earnings growth rate for AME is currently projected at 8.81%. Just Released: Zacks Top 10 Stocks for 2023 In addition to the investment ideas discussed above, would you like to know about our 10 top picks for 2023? From inception in 2012 through November, the Zacks Top 10 Stocks portfolio has tripled the market, gaining an impressive +884.5% versus the S&P 500’s +287.4%. Our Director of Research has now combed through 4,000 companies covered by the Zacks Rank and handpicked the best 10 tickers to buy and hold in 2023. Don’t miss your chance to still be among the first to get in on these just-released stocks. See New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report AMETEK, Inc. (AME) : Free Stock Analysis Report MACOM Technology Solutions Holdings, Inc. (MTSI) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Moreover, with LCG’s robust solutions, MACOM remains well-poised to gain solid momentum across terrestrial, avionic and space-based applications. Notably, this acquisition is expected to drive MACOM’s momentum in microwave applications across the telecommunications, industrial, and aerospace and defense markets. In addition to strategic acquisitions, MTSI recently unveiled a 226Gbps per lane technology product family that comprises transimpedance amplifiers, MATA-40734 and MATA-40736, externally modulated laser driver, MAOM-011112 and a photodiode, MARP-BP112.

MACOM Technology Solutions Holdings, Inc. Price and Consensus MACOM Technology Solutions Holdings, Inc. price-consensus-chart | MACOM Technology Solutions Holdings, Inc. Quote Growth Prospects The LCG acquisition is expected to expand MACOM’s footprint in the booming photonic solutions market. While Arista Networks sports a Zacks Rank #1 (Strong Buy), Agilent and AMETEK carry a Zacks Rank #2 (Buy) at present. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report AMETEK, Inc. (AME) : Free Stock Analysis Report MACOM Technology Solutions Holdings, Inc. (MTSI) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

MACOM Technology Solutions Holdings, Inc. Price and Consensus MACOM Technology Solutions Holdings, Inc. price-consensus-chart | MACOM Technology Solutions Holdings, Inc. Quote Growth Prospects The LCG acquisition is expected to expand MACOM’s footprint in the booming photonic solutions market. Zacks Rank & Stocks to Consider Currently, MACOM carries a Zacks Rank #3 (Hold). Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report AMETEK, Inc. (AME) : Free Stock Analysis Report MACOM Technology Solutions Holdings, Inc. (MTSI) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

MACOM Technology Solutions Holdings, Inc. Price and Consensus MACOM Technology Solutions Holdings, Inc. price-consensus-chart | MACOM Technology Solutions Holdings, Inc. Quote Growth Prospects The LCG acquisition is expected to expand MACOM’s footprint in the booming photonic solutions market. Some better-ranked stocks in the broader technology sector are Arista Networks ANET, Agilent Technologies A and AMETEK AME. See New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?

201.0

2023-03-07 00:00:00 UTC

Itron (ITRI) Unveils Fiber MiniAP for Grid Modernization

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https://www.nasdaq.com/articles/itron-itri-unveils-fiber-miniap-for-grid-modernization

Itron Inc ITRI has launched a new device called the Itron Fiber Mini Access Point (Fiber MiniAP), combining fiber and RF mesh connectivity for various Itron endpoints. The device is designed to help rural electric cooperatives leverage their fiber network assets for advanced metering infrastructure, distribution automation, low-voltage network management and smart lighting to modernize their grid beyond meter-to-cash. The company wants to tap the growing demand for fiber as it is increasingly being adopted by cooperatives for both utility and commercial connectivity. The Fiber MiniAP extends Industrial Internet of Things (IIoT) network coverage in rural areas with low meter-per-mile density while reducing infrastructure and total cost of ownership. Moreover, rural electric cooperatives can leverage Itron's partner ecosystem to address grid modernization challenges to develop a next-generation IIoT network. The Fiber MiniAP's distributed intelligence enables advanced applications, such as electric vehicle monitoring and management, distributed energy resource management, Conservation Voltage Reduction, and more. Its edge computing capabilities provide visibility and control in low and medium-voltage distribution networks, per the company reports. Itron plans to test the Fiber MiniAP with cooperative utilities, and it will be commercially available in North America in the first half of 2024. Overall, the solution is likely to aid the cooperatives in tackling the challenge of building broadband and smart grid networks in more sparsely populated areas. With government funding becoming available, fiber adoption will accelerate and cooperatives can leverage their fiber assets to modernize their grids beyond meter-to-cash. Itron is one of the major suppliers of a broad array of standard, advanced and smart meters and meter communication systems, including networks and communication modules, sensors, data analytics and services and software and devices globally. Itron’s solutions continue to gain significant traction. In January, the company announced a collaboration with Qatar District Cooling Company (Qatar Cool) to improve the efficiency of the latter's cooling systems and increase customer satisfaction. Recent Quarterly Performance of Peers Fortive Corporation FTV reported fourth-quarter 2022 adjusted earnings of 88 cents per share, outpacing the Zacks Consensus Estimate by 4.8% and increasing 11% year over year. Revenues increased 11% year over year to $1.53 billion and beat the Zacks Consensus Estimate by 2.3%. Core revenues also moved up 14% from the year-ago quarter’s levels. Agilent Technologies A reported first-quarter fiscal 2023 earnings of $1.37 per share, beating the Zacks Consensus Estimate by 4.6%. The bottom line increased 13% from the year-ago fiscal quarter’s level. Revenues of $1.76 billion surpassed the Zacks Consensus Estimate of $1.69 billion. The top line was up 5% on a reported basis and 10% on a core basis from the respective year-ago fiscal quarter’s levels. AMETEK, Inc. AME reported fourth-quarter 2022 adjusted earnings of $1.52 per share, beating the Zacks Consensus Estimate by 3.4%. The bottom line rose 11% on a year-over-year basis. Net sales of $1.63 billion beat the Zacks Consensus Estimate of $1.58 billion. Further, the top line rose 8% year over year. Free Report: Must-See Energy Stocks for 2023 Record profits at oil companies can mean big gains for you. With soaring demand and elevated prices, oil stocks could be top performers by far in 2023. Zacks has released a special report revealing the 4 oil stocks experts believe will deliver the biggest gains. (You’ll never guess Stock #2!) Download Oil Market on Fire today, absolutely free. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Itron, Inc. (ITRI) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report AMETEK, Inc. (AME) : Free Stock Analysis Report Fortive Corporation (FTV) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The Fiber MiniAP extends Industrial Internet of Things (IIoT) network coverage in rural areas with low meter-per-mile density while reducing infrastructure and total cost of ownership. Moreover, rural electric cooperatives can leverage Itron's partner ecosystem to address grid modernization challenges to develop a next-generation IIoT network. Overall, the solution is likely to aid the cooperatives in tackling the challenge of building broadband and smart grid networks in more sparsely populated areas.

The device is designed to help rural electric cooperatives leverage their fiber network assets for advanced metering infrastructure, distribution automation, low-voltage network management and smart lighting to modernize their grid beyond meter-to-cash. Recent Quarterly Performance of Peers Fortive Corporation FTV reported fourth-quarter 2022 adjusted earnings of 88 cents per share, outpacing the Zacks Consensus Estimate by 4.8% and increasing 11% year over year. Click to get this free report Itron, Inc. (ITRI) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report AMETEK, Inc. (AME) : Free Stock Analysis Report Fortive Corporation (FTV) : Free Stock Analysis Report To read this article on Zacks.com click here.

Itron Inc ITRI has launched a new device called the Itron Fiber Mini Access Point (Fiber MiniAP), combining fiber and RF mesh connectivity for various Itron endpoints. Recent Quarterly Performance of Peers Fortive Corporation FTV reported fourth-quarter 2022 adjusted earnings of 88 cents per share, outpacing the Zacks Consensus Estimate by 4.8% and increasing 11% year over year. Click to get this free report Itron, Inc. (ITRI) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report AMETEK, Inc. (AME) : Free Stock Analysis Report Fortive Corporation (FTV) : Free Stock Analysis Report To read this article on Zacks.com click here.

The device is designed to help rural electric cooperatives leverage their fiber network assets for advanced metering infrastructure, distribution automation, low-voltage network management and smart lighting to modernize their grid beyond meter-to-cash. Agilent Technologies A reported first-quarter fiscal 2023 earnings of $1.37 per share, beating the Zacks Consensus Estimate by 4.6%. Click to get this free report Itron, Inc. (ITRI) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report AMETEK, Inc. (AME) : Free Stock Analysis Report Fortive Corporation (FTV) : Free Stock Analysis Report To read this article on Zacks.com click here.

202.0

2023-03-06 00:00:00 UTC

Garmin (GRMN) Boosts Smartwatch Offerings With Latest Update

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https://www.nasdaq.com/articles/garmin-grmn-boosts-smartwatch-offerings-with-latest-update

Garmin GRMN is constantly gaining strong momentum in the wearable market on the back of its robust smartwatch offerings. Recently, the company added AMOLED display feature to its Forerunner 265 and Forerunner 965 GPS running watches series. Both Forerunners 265 and 965 help the users to view and read the screen easily in any weather with full-color displays. Further, these smartwatches enable users to access health features and smart notifications seamlessly on the back of the responsive touchscreen displays. Further, these watches offer other innovative features to athletes such as morning report, race widget, personalized daily suggested workouts, training readiness score, running power and running dynamics, and heart rate variability. The above-mentioned features are expected to boost the adoption rate of the Forerunner smartwatches in the days ahead. Garmin Ltd. Price and Consensus Garmin Ltd. price-consensus-chart | Garmin Ltd. Quote Expanding Smartwatch offerings The latest move bodes well for Garmin’s consistent efforts in strengthening its smartwatch portfolio. In addition to the AMOLED features, Garmin has added new features to its Enduro 2, epix (Gen 2), f??nix 7 series, Instinct 2 series, Instinct Crossover, MARQ (Gen 2), quatix 7, tactix 7, and vívomove smartwatch series. The new features provide automatic tracking for backcountry ski and snowboard activities, wakesports activities tracking, sail expedition battery-saving mode, physio TrueUp enhancements, sunrise/sunset widget improvements, and sleep score tracking on select Garmin devices. Further, it also introduced a trend hybrid smartwatch with a classic analog design, smartphone notifications, Garmin Pay, all-day stress tracking, sleep score, preloaded activities and 5 days of battery life with wireless charging compatibility. Additionally, Garmin launched an LTE connectivity bounce smartwatch for kids, which will help parents to stay in touch with their children and easily locate them. The consistent launch of smartwatch offerings is expected to help Garmin gain momentum in its Fitness Segment. To Conclude Garmin’s above-mentioned efforts are expected to continue helping it to solidify its presence in the booming smartwatch, as well as the wearable market. Per a Grand View Research report, the global smartwatch market is anticipated to grow at a CAGR of 8.2% during the 2022-2030 period. We believe that Garmin’s prospects in these booming markets are likely to aid it in gaining investors’ confidence in the near term. Shares of GRMN have declined 8.7% over a year against the Computer and Technology sector’s decline of 10.6%. Zacks Rank & Stocks to Consider Currently, Garmin carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader technology sector are Arista Networks ANET, Agilent Technologies A and AMETEK AME. While Arista Networks sports a Zacks Rank #1 (Strong Buy), Agilent and AMETEK carry a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here. Arista Networks shares have gained 22.9% in the past year. The long-term earnings growth rate for ANET is currently projected at 14.17%. Agilent shares have gained 10.4% in the past year. A’s long-term earnings growth rate is currently projected at 12%. AMETEK shares have gained 11.1% in the past year. The long-term earnings growth rate for AME is currently projected at 8.81%. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. Today, See These 5 Potential Home Runs >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Garmin Ltd. (GRMN) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report AMETEK, Inc. (AME) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Further, it also introduced a trend hybrid smartwatch with a classic analog design, smartphone notifications, Garmin Pay, all-day stress tracking, sleep score, preloaded activities and 5 days of battery life with wireless charging compatibility. Additionally, Garmin launched an LTE connectivity bounce smartwatch for kids, which will help parents to stay in touch with their children and easily locate them. To Conclude Garmin’s above-mentioned efforts are expected to continue helping it to solidify its presence in the booming smartwatch, as well as the wearable market.

Some better-ranked stocks in the broader technology sector are Arista Networks ANET, Agilent Technologies A and AMETEK AME. While Arista Networks sports a Zacks Rank #1 (Strong Buy), Agilent and AMETEK carry a Zacks Rank #2 (Buy) at present. Click to get this free report Garmin Ltd. (GRMN) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report AMETEK, Inc. (AME) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

Garmin Ltd. Price and Consensus Garmin Ltd. price-consensus-chart | Garmin Ltd. Quote Expanding Smartwatch offerings The latest move bodes well for Garmin’s consistent efforts in strengthening its smartwatch portfolio. Zacks Rank & Stocks to Consider Currently, Garmin carries a Zacks Rank #3 (Hold). Click to get this free report Garmin Ltd. (GRMN) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report AMETEK, Inc. (AME) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

Recently, the company added AMOLED display feature to its Forerunner 265 and Forerunner 965 GPS running watches series. Some better-ranked stocks in the broader technology sector are Arista Networks ANET, Agilent Technologies A and AMETEK AME. Today, See These 5 Potential Home Runs >> Want the latest recommendations from Zacks Investment Research?

203.0

2023-03-03 00:00:00 UTC

VMware (VMW) Q4 Earnings Beat Estimates, Revenues Rise Y/Y

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https://www.nasdaq.com/articles/vmware-vmw-q4-earnings-beat-estimates-revenues-rise-y-y-0

VMware’s VMW fourth-quarter fiscal 2023 non-GAAP earnings of $2.13 per share beat the Zacks Consensus Estimate by 7.58% and increased 5.4% year over year. Revenues of $3.71 billion beat the consensus mark by 2.16%. The top line registered year-over-year growth of 5.2%. VMware, Inc. Price, Consensus and EPS Surprise VMware, Inc. price-consensus-eps-surprise-chart | VMware, Inc. Quote Top-Line Details Region-wise, U.S. revenues (47.1% of revenues) increased 6.3% year over year to $1.74 billion. International revenues (52.9%) grew 4.2% to $1.96 billion. Services revenues (45.4% of revenues) rose 3.6% year over year to $1.68 billion. Software Maintenance revenues (81.5% of Services revenues) grew 2.1% to $1.37 billion. Professional Services revenues (18.5% of Services revenues) were $312 million, up 10.6% year over year. Total License and Subscription & SaaS revenues (54.6% of revenues) increased 6.6% from the year-ago quarter to $2.02 billion. License revenues (41.7% of License and Subscription & SaaS revenues) decreased 18.4% year over year to $845 million due to the transition to subscription and SaaS. Subscription & SaaS revenues (58.3% of segment revenues) increased 30.6% year over year to $1.18 billion. Non-GAAP Operating Details Research & development expenses as a percentage of revenues increased 50 basis points (bps) year over year to 19.7%. Sales & marketing expenses as a percentage of revenues increased 50 bps on a year-over-year basis to 28.3%. General & administrative expenses as a percentage of revenues increased 10 bps on a year-over-year basis to 6%. Operating margin contracted 150 bps on a year-over-year basis to 30.7%. Balance Sheet & Cash Flow As of Feb 3, 2023, VMware’s cash & cash equivalents were $5.1 billion compared with $3.97 billion as of Oct 28, 2022. Total debt (including the current portion of long-term debt) was $10.4 billion as of Feb 3, 2023, compared with $9.69 billion as of Oct 28. Operating cash flow was $1.63 billion in the fiscal fourth quarter compared with $1.26 billion reported in the previous quarter. Free cash flow was $1.5 billion in the reported quarter compared with $1.16 billion in the previous quarter. Revenue Performance Obligation increased 13% year over year to $13.5 billion. Guidance VMware has entered into a definitive agreement to be acquired by Broadcom AVGO. Broadcom is set to acquire VMware for approximately $61 billion in cash and stock. VMW will not be providing financial guidance for the first quarter and full-year fiscal 2024. Zacks Rank & Stocks to Consider VMWare currently has a Zacks Rank #4 (Sell). Some better-ranked stocks in the broader technology sector are Agilent Technologies A and AMETEK AME, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Agilent’s shares have lost 7.9% in the past year. A’s long-term earnings growth rate is currently projected at 10%. AMETEK’s shares have gained 10.3% in the past year. The long-term earnings growth rate for AME is currently projected at 8.8%. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report VMware, Inc. (VMW) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report AMETEK, Inc. (AME) : Free Stock Analysis Report Broadcom Inc. (AVGO) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Sales & marketing expenses as a percentage of revenues increased 50 bps on a year-over-year basis to 28.3%. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research?

VMware’s VMW fourth-quarter fiscal 2023 non-GAAP earnings of $2.13 per share beat the Zacks Consensus Estimate by 7.58% and increased 5.4% year over year. Non-GAAP Operating Details Research & development expenses as a percentage of revenues increased 50 basis points (bps) year over year to 19.7%. Click to get this free report VMware, Inc. (VMW) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report AMETEK, Inc. (AME) : Free Stock Analysis Report Broadcom Inc. (AVGO) : Free Stock Analysis Report To read this article on Zacks.com click here.

VMware, Inc. Price, Consensus and EPS Surprise VMware, Inc. price-consensus-eps-surprise-chart | VMware, Inc. Quote Top-Line Details Region-wise, U.S. revenues (47.1% of revenues) increased 6.3% year over year to $1.74 billion. Subscription & SaaS revenues (58.3% of segment revenues) increased 30.6% year over year to $1.18 billion. Click to get this free report VMware, Inc. (VMW) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report AMETEK, Inc. (AME) : Free Stock Analysis Report Broadcom Inc. (AVGO) : Free Stock Analysis Report To read this article on Zacks.com click here.

VMware’s VMW fourth-quarter fiscal 2023 non-GAAP earnings of $2.13 per share beat the Zacks Consensus Estimate by 7.58% and increased 5.4% year over year. Subscription & SaaS revenues (58.3% of segment revenues) increased 30.6% year over year to $1.18 billion. Broadcom is set to acquire VMware for approximately $61 billion in cash and stock.

204.0

2023-03-03 00:00:00 UTC

Trimble's (TRMB) Clientele Grows With National Highway Contract

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https://www.nasdaq.com/articles/trimbles-trmb-clientele-grows-with-national-highway-contract

Trimble TRMB continues to benefit from its solid customer momentum, driven by its robust product portfolio. The latest contract extension by National Highways for Trimble’s AgileAssets cloud software is a testament to the same. Notably, the software helps in decision-making regarding the future maintenance of bridges and other structures. Moreover, National Highways makes forecasts associated with the condition of bridge assets on England's Strategic Road Network seamlessly on the back of AgileAssets. Further, the software helps National Highways in the identification of infrastructure renewal projects. Also, it aids the valuation of the structures’ asset stock for reporting to the UK National Audit Office. We note that the latest contract extension highlights the efficiency and reliability of AgileAssets. Further, the latest deal has added strength to Trimble’s customer base, which, in turn, is likely to contribute to the top-line growth of the company. Trimble Inc. Price and Consensus Trimble Inc. price-consensus-chart | Trimble Inc. Quote Portfolio Strength: Key Catalyst We believe Trimble’s growing efforts toward strengthening its portfolio offerings are likely to continue driving its customer momentum. Recently, Trimble introduced advanced path planning technology, which is designed to boost the efficiency of work by aiding the optimization and automation of the trajectory, speed and overall path design of industrial equipment. TRMB enhanced its Engage Lane dynamic contract procurement solution, which provides dwell time metrics for better and more informed product procurement decisions. In addition to portfolio expansion, the company witnessed strong additions to its clientele. Recently, TRMB’s RTX technology got selected by Nissan Motor. With RTX technology, Nissan aims to support its advanced driver assistance system. Further, Trimble’s AgileAssets management was selected by Norwegian Public Roads Administration Operations and Maintenance to oversee, maintain, and operate the country's 10,600-km road network and related transportation infrastructure. We note that expanding clientele on the back of robust portfolio strength is expected to aid the company’s financial performance in the near term. Zacks Rank & Stocks to Consider Currently, Trimble carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader technology sector are Arista Networks ANET, Agilent Technologies A and AMETEK AME. While Arista Networks sports a Zacks Rank #1 (Strong Buy), Agilent and AMETEK carry a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here. Arista Networks shares have gained 15.2% in the past year. The long-term earnings growth rate for ANET is currently projected at 14.17%. Agilent shares have gained 5.8% in the past year. A’s long-term earnings growth rate is currently projected at 12%. AMETEK shares have gained 8.7% in the past year. The long-term earnings growth rate for AME is currently projected at 8.81%. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Trimble Inc. (TRMB) : Free Stock Analysis Report AMETEK, Inc. (AME) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Moreover, National Highways makes forecasts associated with the condition of bridge assets on England's Strategic Road Network seamlessly on the back of AgileAssets. Further, the latest deal has added strength to Trimble’s customer base, which, in turn, is likely to contribute to the top-line growth of the company. We note that expanding clientele on the back of robust portfolio strength is expected to aid the company’s financial performance in the near term.

The latest contract extension by National Highways for Trimble’s AgileAssets cloud software is a testament to the same. While Arista Networks sports a Zacks Rank #1 (Strong Buy), Agilent and AMETEK carry a Zacks Rank #2 (Buy) at present. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Trimble Inc. (TRMB) : Free Stock Analysis Report AMETEK, Inc. (AME) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

Trimble Inc. Price and Consensus Trimble Inc. price-consensus-chart | Trimble Inc. Quote Portfolio Strength: Key Catalyst We believe Trimble’s growing efforts toward strengthening its portfolio offerings are likely to continue driving its customer momentum. Zacks Rank & Stocks to Consider Currently, Trimble carries a Zacks Rank #3 (Hold). Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Trimble Inc. (TRMB) : Free Stock Analysis Report AMETEK, Inc. (AME) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

Further, the software helps National Highways in the identification of infrastructure renewal projects. We note that expanding clientele on the back of robust portfolio strength is expected to aid the company’s financial performance in the near term. Some better-ranked stocks in the broader technology sector are Arista Networks ANET, Agilent Technologies A and AMETEK AME.

205.0

2023-03-02 00:00:00 UTC

Semtech (SMTC) Boosts IoT Prospects With The Things Industries

A

https://www.nasdaq.com/articles/semtech-smtc-boosts-iot-prospects-with-the-things-industries

Semtech SMTC collaborated with The Things Industries to introduce Internet of Things (IoT) solutions. Notably, the new solutions will combine LoRaWAN and cellular solutions. More precisely, the solutions will be integrated with long-range coverage and ultra-low power LoRa devices, and high-speed cellular connections. These solutions are well-equipped to make end-to-end connectivity integration easier, which will accelerate IoT deployments. With the latest move, Semtech strives to deliver a seamless cellular connectivity experience to LoRaWAN developers. Moreover, it focuses on creating a reliable and robust network of IoT products and solutions on the back of the underlined partnership. Semtech Corporation Price and Consensus Semtech Corporation price-consensus-chart | Semtech Corporation Quote Growth Prospects The collaboration with The Things Industries is likely to bolster SMTC’s prospects in the booming IoT market. According to the IOT Analytics report, the global IoT market is anticipated to grow 19% in 2023. Per a report from The Insight Partners, the underlined market is expected to hit $2.3 trillion by 2028, seeing a CAGR of 29.4% between 2022 and 2028. Per a report from Mordor Intelligence, the IoT market is expected to witness a CAGR of 10.3% between 2023 and 2027. Portfolio Strength: Key Catalyst The latest move is in sync with the company’s growing efforts toward expanding its portfolio. We believe that an expanding portfolio is likely to continue to help the company in bolstering its customer base. Recently, SMTC’s LoRa devices and LoRaWAN standard were utilized by Sindcon (Singapore) IoT Technology and IoT Kreasi Indonesia in battery-powered smart water and electricity meters. LoRa devices and LoRaWAN standard were selected by Nordic Propeye and were incorporated into the latter’s new HVAC optimization solution. We note that expanding clientele on the back of robust portfolio strength is expected to aid Semtech in winning investors’ confidence in the near term. Coming to the price performance, SMTC has lost 53.4% over a year against the industry’s growth of 9.9%. However, the company is suffering from the coronavirus pandemic-led disruptions. Also, macroeconomic headwinds and softness in the consumer markets are overhangs. Zacks Rank & Stocks to Consider Currently, Semtech carries a Zacks Rank #4 (Sell). Some better-ranked stocks in the broader technology sector are Arista Networks ANET, Agilent Technologies A and AMETEK AME. While Arista Networks sport a Zacks Rank #1 (Strong Buy), Agilent and AMETEK carry a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here. Arista Networks shares have gained 12.6% in the past year. The long-term earnings growth rate for ANET is projected at 12.6%. Agilent shares have gained 3.3% in the past year. A’s long-term earnings growth rate is projected at 10%. AMETEK shares have gained 8.1% in the past year. The long-term earnings growth rate for AME is projected at 8.81%. Is THIS the Ultimate New Clean Energy Source? (4 Ways to Profit) The world is increasingly focused on eliminating fossil fuels and ramping up use of renewable, clean energy sources. Hydrogen fuel cells, powered by the most abundant substance in the universe, could provide an unlimited amount of ultra-clean energy for multiple industries. Our urgent special report reveals 4 hydrogen stocks primed for big gains - plus our other top clean energy stocks. See Stocks Now Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report AMETEK, Inc. (AME) : Free Stock Analysis Report Semtech Corporation (SMTC) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

We note that expanding clientele on the back of robust portfolio strength is expected to aid Semtech in winning investors’ confidence in the near term. (4 Ways to Profit) The world is increasingly focused on eliminating fossil fuels and ramping up use of renewable, clean energy sources. Hydrogen fuel cells, powered by the most abundant substance in the universe, could provide an unlimited amount of ultra-clean energy for multiple industries.

Semtech Corporation Price and Consensus Semtech Corporation price-consensus-chart | Semtech Corporation Quote Growth Prospects The collaboration with The Things Industries is likely to bolster SMTC’s prospects in the booming IoT market. While Arista Networks sport a Zacks Rank #1 (Strong Buy), Agilent and AMETEK carry a Zacks Rank #2 (Buy) at present. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report AMETEK, Inc. (AME) : Free Stock Analysis Report Semtech Corporation (SMTC) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

Semtech Corporation Price and Consensus Semtech Corporation price-consensus-chart | Semtech Corporation Quote Growth Prospects The collaboration with The Things Industries is likely to bolster SMTC’s prospects in the booming IoT market. Our urgent special report reveals 4 hydrogen stocks primed for big gains - plus our other top clean energy stocks. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report AMETEK, Inc. (AME) : Free Stock Analysis Report Semtech Corporation (SMTC) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

Notably, the new solutions will combine LoRaWAN and cellular solutions. Coming to the price performance, SMTC has lost 53.4% over a year against the industry’s growth of 9.9%. See Stocks Now Want the latest recommendations from Zacks Investment Research?

206.0

2023-03-02 00:00:00 UTC

Microsoft (MSFT) Internet to Reach 20 Million People in Africa

A

https://www.nasdaq.com/articles/microsoft-msft-internet-to-reach-20-million-people-in-africa

Microsoft MSFT has reached an agreement with Africa’s biggest independent fiber network, Liquid Intelligent Technologies. It is a huge step toward its goal of providing Internet across the continent. This agreement aims to provide connectivity to 20 million people in countries like Zambia and Democratic Republic of Congo by the year 2025. This plan would help in accomplishing Microsoft’s previously announced plan of providing connectivity to 100 million people. Management’s aim is to use technology and investment to create more economic opportunities for the people of Africa. This would help in creating a new cloud-computing and artificial intelligence market in the long term. Microsoft’s Airband initiative aims to bring together telecoms and electricity providers, governments and non-profit organisations to expand internet access. Microsoft will also work to boost food production in Africa with various partnerships and by applying artificial intelligence to monitor crops. Microsoft Corporation Price and Consensus Microsoft Corporation price-consensus-chart | Microsoft Corporation Quote Microsoft Airband’s Initiative to Provide Meaningful Connectivity Airband is an initiative of Microsoft to provide affordable Internet access as a fundamental right to everyone and bridge the digital gap between communities. The company provides connectivity to unconnected communities around the world. Approximately 2.7 billion people or one third of the world’s population does not have access to the Internet. Most of the people are from Africa, Asia, Oceania, Latin America and Caribbean. Microsoft believes that technology can change lives if people have the access to it. Till date Airband initiative has helped 51 million people globally. This includes nine million people in Africa and four million people in the United States. Airband also provided connectivity for people in Puerto Rico, Colombia, India, Ghana and many more such places. Management identifies Africa as one of the most important markets in the world. It has a median age of under 20 and more than 60% of the population is under the age of 25. But to make use of this opportunity management would need digital access. Only 40% people in Africa have access to electricity, which means around 600 million people do not have access to the internet. This is seen as a huge opportunity by the company. Africa, being a large and diverse continent, has diverse problems and therefore, a holistic approach is required. Microsoft, with its local partnerships, is trying to solve different problems for different locations. The company realises that the only providing affordable connectivity would not solve the issue alone. Therefore, the company also partners with community organizations to teach digital skills for better education. Zacks Rank & Stocks to Consider Microsoft currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Some top-ranked stocks in the Computer and Technology sector are Agilent Technologies A, Etsy ETSY and Criteo CRTO. While Agilent Technologies and Etsy carry a Zacks rank #2 (Buy), Criteo sports a Zacks rank #1 at present. Shares of Agilent Technologies have risen 3.3% in the past year. The Zacks Consensus Estimate for A’s earnings is pegged at $1.28 per share, which has remained unchanged over the past 30 days. Shares of Etsy have fallen 27% in the past year. The Zacks Consensus Estimate for ETSY’s earnings is pegged at 60 cents per share, which has risen from 52 cents over the past 30 days. Shares of Criteo have declined 0.70% in the past year. The Zacks Consensus Estimate for CRTO’s earnings is pegged at 27 cents per share, which has fallen from 53 cents per share over the past 30 days. Is THIS the Ultimate New Clean Energy Source? (4 Ways to Profit) The world is increasingly focused on eliminating fossil fuels and ramping up use of renewable, clean energy sources. Hydrogen fuel cells, powered by the most abundant substance in the universe, could provide an unlimited amount of ultra-clean energy for multiple industries. Our urgent special report reveals 4 hydrogen stocks primed for big gains - plus our other top clean energy stocks. See Stocks Now Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Microsoft Corporation (MSFT) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Criteo S.A. (CRTO) : Free Stock Analysis Report Etsy, Inc. (ETSY) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Microsoft’s Airband initiative aims to bring together telecoms and electricity providers, governments and non-profit organisations to expand internet access. (4 Ways to Profit) The world is increasingly focused on eliminating fossil fuels and ramping up use of renewable, clean energy sources. Hydrogen fuel cells, powered by the most abundant substance in the universe, could provide an unlimited amount of ultra-clean energy for multiple industries.

Microsoft Corporation Price and Consensus Microsoft Corporation price-consensus-chart | Microsoft Corporation Quote Microsoft Airband’s Initiative to Provide Meaningful Connectivity Airband is an initiative of Microsoft to provide affordable Internet access as a fundamental right to everyone and bridge the digital gap between communities. While Agilent Technologies and Etsy carry a Zacks rank #2 (Buy), Criteo sports a Zacks rank #1 at present. Click to get this free report Microsoft Corporation (MSFT) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Criteo S.A. (CRTO) : Free Stock Analysis Report Etsy, Inc. (ETSY) : Free Stock Analysis Report To read this article on Zacks.com click here.

Microsoft Corporation Price and Consensus Microsoft Corporation price-consensus-chart | Microsoft Corporation Quote Microsoft Airband’s Initiative to Provide Meaningful Connectivity Airband is an initiative of Microsoft to provide affordable Internet access as a fundamental right to everyone and bridge the digital gap between communities. Only 40% people in Africa have access to electricity, which means around 600 million people do not have access to the internet. Click to get this free report Microsoft Corporation (MSFT) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Criteo S.A. (CRTO) : Free Stock Analysis Report Etsy, Inc. (ETSY) : Free Stock Analysis Report To read this article on Zacks.com click here.

Management’s aim is to use technology and investment to create more economic opportunities for the people of Africa. Microsoft Corporation Price and Consensus Microsoft Corporation price-consensus-chart | Microsoft Corporation Quote Microsoft Airband’s Initiative to Provide Meaningful Connectivity Airband is an initiative of Microsoft to provide affordable Internet access as a fundamental right to everyone and bridge the digital gap between communities. Only 40% people in Africa have access to electricity, which means around 600 million people do not have access to the internet.

207.0

2023-03-02 00:00:00 UTC

Box (BOX) Q4 Earnings Beat Estimates, Revenues Increase Y/Y

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https://www.nasdaq.com/articles/box-box-q4-earnings-beat-estimates-revenues-increase-y-y

Box, Inc. BOX reported fourth-quarter fiscal 2023 non-GAAP earnings per share of 37 cents, which surpassed the Zacks Consensus Estimate by 8.8%. The figure jumped 54.2% year over year. Total revenues of $256.5 million surpassed the consensus mark of $256.3 million. The top line increased 10% year over year (15% growth on a constant currency basis). Strength in Content Cloud and growing adoption of Enterprise Plus Suites drove the top line despite macroeconomic headwinds. Moreover, strong deal wins with Enterprise Plus were a positive. Box, Inc. Price, Consensus and EPS Surprise Box, Inc. price-consensus-eps-surprise-chart | Box, Inc. Quote Quarter in Detail Billings were $357.1 million for the reported quarter, improving 6% year over year (9% growth on a constant currency basis). Deferred revenues were $567 million in the fiscal fourth quarter, increasing 6% from the prior fiscal-year quarter’s reading. BOX saw a 72% attach rate for its Enterprise Plus Suites, owing to increasing demand for multi-product suite offerings. Nearly 46% of revenues were generated from suite sales compared with 35% in the year-ago period. Further, Box’s net retention rate was 106% at the end of the fiscal fourth quarter. The remaining performance obligations for the reported quarter were $1.24 billion, up 16% on a year-over-year basis (21% growth on a constant currency basis). Operating Results Non-GAAP gross margin was 78.5%, expanding 340 bps from the same-quarter level in the previous year. Box’s operating expenses of $175.8 million increased 4.1% year over year. As a percentage of revenues, the figure contracted 380 bps from the year-ago quarter’s level to 68.5%. On a non-GAAP basis, BOX recorded an operating margin of 26%, which expanded 520 bps from the prior-year quarter’s level. Balance Sheet & Cash Flow As of Jan 31, 2023, cash and cash equivalents were $428.5 million, up from $358.1 million as of Oct 31, 2022. BOX’s short-term investments amounted to $32.8 million, down from $44.6 million in the previous fiscal quarter. Accounts receivables amounted to $264.5 million at the end of the fiscal fourth quarter, which increased from $176.6 million at the end of the prior fiscal quarter. Non-current debt stood at $369.35 million at the reported quarter-end compared with $368.9 million at the prior quarter-end. Box generated $92.2 million in cash from operations in the fiscal fourth quarter, up from $69.7 million in the previous fiscal quarter. Additionally, BOX generated a free cash flow of $74.7 million in the fiscal fourth quarter. Guidance For first-quarter fiscal 2024, Box expects revenues between $248 million and $250 million, suggesting a 5% rise at the high end of the range from the prior fiscal year’s reported figure. Further, the constant currency growth rate is pegged at 10%. The Zacks Consensus Estimate for the same is pegged at $260.41 million. On a non-GAAP basis, BOX projects earnings per share of 26 to 27 cents. The guidance includes an expected foreign exchange headwind of 6 cents. The Zacks Consensus Estimate for the same is pegged at 30 cents. The non-GAAP operating margin for the fiscal first quarter is expected to be 21%. For fiscal 2024, Box anticipates revenues between $1.05 billion and $1.06 billion, indicating an increase of 7% from the last fiscal year’s reading at the high end of the range. Further, the constant currency growth rate is pegged at 10%. The Zacks Consensus Estimate for the stock is pegged at $1.08 billion. On a non-GAAP basis, BOX expects earnings per share in the band of $1.42-$1.48, which includes an expected foreign exchange headwind of 14 cents. The consensus mark for the same is pegged at $1.43 per share. The non-GAAP operating margin for the full fiscal year is expected to be 25%. Zacks Rank & Stocks to Consider Box currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader technology sector are Arista Networks ANET, Agilent Technologies A and AMETEK AME. While Arista Networks sports a Zacks Rank #1 (Strong Buy), Agilent and AMETEK carry a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here. Arista Networks has lost 16.7% in the past year. The long-term earnings growth rate for ANET is currently projected at 14.2%. Agilent’s shares have lost 7.9% in the past year. A’s long-term earnings growth rate is currently projected at 10%. AMETEK’s shares have gained 10.3% in the past year. The long-term earnings growth rate for AME is currently projected at 8.8%. Is THIS the Ultimate New Clean Energy Source? (4 Ways to Profit) The world is increasingly focused on eliminating fossil fuels and ramping up use of renewable, clean energy sources. Hydrogen fuel cells, powered by the most abundant substance in the universe, could provide an unlimited amount of ultra-clean energy for multiple industries. Our urgent special report reveals 4 hydrogen stocks primed for big gains - plus our other top clean energy stocks. See Stocks Now Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report AMETEK, Inc. (AME) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report Box, Inc. (BOX) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

BOX reported fourth-quarter fiscal 2023 non-GAAP earnings per share of 37 cents, which surpassed the Zacks Consensus Estimate by 8.8%. Further, the constant currency growth rate is pegged at 10%. (4 Ways to Profit) The world is increasingly focused on eliminating fossil fuels and ramping up use of renewable, clean energy sources.

BOX reported fourth-quarter fiscal 2023 non-GAAP earnings per share of 37 cents, which surpassed the Zacks Consensus Estimate by 8.8%. Further, the constant currency growth rate is pegged at 10%. While Arista Networks sports a Zacks Rank #1 (Strong Buy), Agilent and AMETEK carry a Zacks Rank #2 (Buy) at present.

Box, Inc. Price, Consensus and EPS Surprise Box, Inc. price-consensus-eps-surprise-chart | Box, Inc. Quote Quarter in Detail Billings were $357.1 million for the reported quarter, improving 6% year over year (9% growth on a constant currency basis). Box generated $92.2 million in cash from operations in the fiscal fourth quarter, up from $69.7 million in the previous fiscal quarter. Further, the constant currency growth rate is pegged at 10%.

BOX reported fourth-quarter fiscal 2023 non-GAAP earnings per share of 37 cents, which surpassed the Zacks Consensus Estimate by 8.8%. Box generated $92.2 million in cash from operations in the fiscal fourth quarter, up from $69.7 million in the previous fiscal quarter. Further, the constant currency growth rate is pegged at 10%.

208.0

2023-03-02 00:00:00 UTC

Agilent (A) Loses -11.54% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

A

https://www.nasdaq.com/articles/agilent-a-loses-11.54-in-4-weeks-heres-why-a-trend-reversal-may-be-around-the-corner

Agilent Technologies (A) has been on a downward spiral lately with significant selling pressure. After declining 11.5% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the company will report better earnings than they predicted earlier. How to Determine if a Stock is Oversold We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between zero and 100. Usually, a stock is considered oversold when its RSI reading falls below 30. Technically, every stock oscillates between being overbought and oversold irrespective of the quality of their fundamentals. And the beauty of RSI is that it helps you quickly and easily check if a stock's price is reaching a point of reversal. So, by this measure, if a stock has gotten too far below its fair value just because of unwarranted selling pressure, investors may start looking for entry opportunities in the stock for benefitting from the inevitable rebound. However, like every investing tool, RSI has its limitations, and should not be used alone for making an investment decision. Why a Trend Reversal is Due for A The heavy selling of A shares appears to be in the process of exhausting itself, as indicated by its RSI reading of 25. So, the trend for the stock could reverse soon for reaching the old equilibrium of supply and demand. This technical indicator is not the only factor that calls for a potential rebound for the stock. There is a fundamental indicator as well. A strong agreement among sell-side analysts covering An in raising earnings estimates for the current year has led to an increase in the consensus EPS estimate by 0.6% over the last 30 days. And an upward trend in earnings estimate revisions usually translates into price appreciation in the near term. Moreover, A currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises. This is a more conclusive indication of the stock's potential turnaround in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Is THIS the Ultimate New Clean Energy Source? (4 Ways to Profit) The world is increasingly focused on eliminating fossil fuels and ramping up use of renewable, clean energy sources. Hydrogen fuel cells, powered by the most abundant substance in the universe, could provide an unlimited amount of ultra-clean energy for multiple industries. Our urgent special report reveals 4 hydrogen stocks primed for big gains - plus our other top clean energy stocks. See Stocks Now Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

After declining 11.5% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the company will report better earnings than they predicted earlier. (4 Ways to Profit) The world is increasingly focused on eliminating fossil fuels and ramping up use of renewable, clean energy sources. Hydrogen fuel cells, powered by the most abundant substance in the universe, could provide an unlimited amount of ultra-clean energy for multiple industries.

You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Is THIS the Ultimate New Clean Energy Source? Our urgent special report reveals 4 hydrogen stocks primed for big gains - plus our other top clean energy stocks. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report To read this article on Zacks.com click here.

How to Determine if a Stock is Oversold We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. So, by this measure, if a stock has gotten too far below its fair value just because of unwarranted selling pressure, investors may start looking for entry opportunities in the stock for benefitting from the inevitable rebound. Our urgent special report reveals 4 hydrogen stocks primed for big gains - plus our other top clean energy stocks.

RSI oscillates between zero and 100. A strong agreement among sell-side analysts covering An in raising earnings estimates for the current year has led to an increase in the consensus EPS estimate by 0.6% over the last 30 days. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Is THIS the Ultimate New Clean Energy Source?

209.0

2023-03-02 00:00:00 UTC

Vishay (VSH) Upgrades IR modules, Bolsters Discrete Portfolio

A

https://www.nasdaq.com/articles/vishay-vsh-upgrades-ir-modules-bolsters-discrete-portfolio

Vishay Intertechnology VSH is leaving no stone unturned to expand its discrete offerings to bolster its presence in the booming semiconductor industry. This is evident from its latest move of upgrading its TSOP2xxx, TSOP4xxx, TSOP57xxx, TSOP6xxx, and TSOP77xxx series of Infrared Receiver (IR) modules with the new Cyllene 2 IC. Notably, the upgraded receivers are well-equipped to reduce current consumption and provide robustness against electrostatic discharge (“ESD”) and direct sunlight. More precisely, these devices offer 50% lower current consumption, down to 0.35 mA over a voltage supply range from 2.0 V to 5.5 V. Further, the devices feature strong ESD withstand capabilities to 12 kV. We note that the underlined receivers are ideal for IR remote control in household televisions, set-top boxes, audio and gaming systems, air conditioners, and other appliances. The receivers can be also used in industrial automation controls and lighting systems. Vishay Intertechnology, Inc. Price and Consensus Vishay Intertechnology, Inc. price-consensus-chart | Vishay Intertechnology, Inc. Quote Growth Prospects With the latest launch, the company has added strength to its optoelectronics product line. Notably, Optoelectronics has become an integral part of its discrete semiconductor business. Moreover, the latest move positions the company well to expand its footprint in the optoelectronics market. According to a report from The Business Research Company, the global optoelectronics market is anticipated to hit $14.56 billion at a CAGR of 18.4% by 2027. A Verified Market Research report shows that the underlined market is expected to reach $16.99 billion by 2030 by registering a CAGR of 11.9% between 2023 and 2030. Per a report from Mordor Intelligence, the global optoelectronics market is expected to register a CAGR of 10.25% between 2023 and 2028. Expanding Product Portfolio The latest move is in sync with the company’s growing efforts toward expanding its overall product portfolio. Apart from the latest introduction, Vishay recently unveiled three new series of Automotive Grade surface-mount standard rectifiers, 2 A SE20Nx, 3 A SE30Nx, and 4 A SE40Nx. Further, these devices offer improved reverse recovery energy and fast recovery time, and can also be utilized as high-frequency rectifiers for bootstrap driver functionality. Additionally, it rolled out two new 30 V symmetric dual n-channel power MOSFETs, SiZF5300DT and SiZF5302DT, which can be used in place of two discrete devices in the PowerPAK 1212 package. Further, the company introduced three new series of 130 A to 300 A three-phase bridge power modules in the ultra-compact MTC package that delivers reliable operation for heavy-duty industrial applications. Vishay also unveiled the industry’s first AEC-Q102 qualified linear optocoupler, which offers faster response times and higher isolation voltage. We believe that the above-mentioned endeavors will continue to shape the company’s growth trajectory and sustain momentum in various end markets. However, Vishay is currently suffering from coronavirus-led supply-chain constraints, consumer market softness and impacts of geo-political tensions. Zacks Rank & Stocks to Consider Currently, Vishay Intertechnology carries a Zacks Rank #4 (Sell). Some better-ranked stocks in the broader technology sector are Arista Networks ANET, Agilent Technologies A and AMETEK AME. While Arista Networks sports a Zacks Rank #1 (Strong Buy), Agilent and AMETEK carry a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here. Arista Networks shares have gained 12.6% in the past year. The long-term earnings growth rate for ANET is currently projected at 12.6%. Agilent shares have gained 3.3% in the past year. A’s long-term earnings growth rate is currently projected at 10%. AMETEK shares have gained 8.1% in the past year. The long-term earnings growth rate for AME is currently projected at 8.81%. Is THIS the Ultimate New Clean Energy Source? (4 Ways to Profit) The world is increasingly focused on eliminating fossil fuels and ramping up use of renewable, clean energy sources. Hydrogen fuel cells, powered by the most abundant substance in the universe, could provide an unlimited amount of ultra-clean energy for multiple industries. Our urgent special report reveals 4 hydrogen stocks primed for big gains - plus our other top clean energy stocks. See Stocks Now Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report AMETEK, Inc. (AME) : Free Stock Analysis Report Vishay Intertechnology, Inc. (VSH) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Notably, the upgraded receivers are well-equipped to reduce current consumption and provide robustness against electrostatic discharge (“ESD”) and direct sunlight. We note that the underlined receivers are ideal for IR remote control in household televisions, set-top boxes, audio and gaming systems, air conditioners, and other appliances. Further, the company introduced three new series of 130 A to 300 A three-phase bridge power modules in the ultra-compact MTC package that delivers reliable operation for heavy-duty industrial applications.

Zacks Rank & Stocks to Consider Currently, Vishay Intertechnology carries a Zacks Rank #4 (Sell). While Arista Networks sports a Zacks Rank #1 (Strong Buy), Agilent and AMETEK carry a Zacks Rank #2 (Buy) at present. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report AMETEK, Inc. (AME) : Free Stock Analysis Report Vishay Intertechnology, Inc. (VSH) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

Vishay Intertechnology, Inc. Price and Consensus Vishay Intertechnology, Inc. price-consensus-chart | Vishay Intertechnology, Inc. Quote Growth Prospects With the latest launch, the company has added strength to its optoelectronics product line. Zacks Rank & Stocks to Consider Currently, Vishay Intertechnology carries a Zacks Rank #4 (Sell). Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report AMETEK, Inc. (AME) : Free Stock Analysis Report Vishay Intertechnology, Inc. (VSH) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

This is evident from its latest move of upgrading its TSOP2xxx, TSOP4xxx, TSOP57xxx, TSOP6xxx, and TSOP77xxx series of Infrared Receiver (IR) modules with the new Cyllene 2 IC. Moreover, the latest move positions the company well to expand its footprint in the optoelectronics market. Our urgent special report reveals 4 hydrogen stocks primed for big gains - plus our other top clean energy stocks.

210.0

2023-03-01 00:00:00 UTC

Agilent Technologies is Oversold

A

https://www.nasdaq.com/articles/agilent-technologies-is-oversold

The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. Agilent Technologies, Inc. (Symbol: A) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making Agilent Technologies, Inc. an even more interesting and timely stock to look at, is the fact that in trading on Wednesday, shares of A entered into oversold territory, changing hands as low as $136.25 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In the case of Agilent Technologies, Inc., the RSI reading has hit 25.7 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 46.2. A falling stock price — all else being equal — creates a better opportunity for dividend investors to capture a higher yield. Indeed, A's recent annualized dividend of 0.9/share (currently paid in quarterly installments) works out to an annual yield of 0.63% based upon the recent $141.97 share price. A bullish investor could look at A's 25.7 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on A is its dividend history. In general, dividends are not always predictable; but, looking at the history chart below can help in judging whether the most recent dividend is likely to continue. Click here to find out what 9 other oversold dividend stocks you need to know about » Also see: • JPM Videos • Institutional Holders of WCLD • Institutional Holders of NXPS The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A falling stock price — all else being equal — creates a better opportunity for dividend investors to capture a higher yield. A bullish investor could look at A's 25.7 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.

The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. In the case of Agilent Technologies, Inc., the RSI reading has hit 25.7 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 46.2. A falling stock price — all else being equal — creates a better opportunity for dividend investors to capture a higher yield.

The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. In the case of Agilent Technologies, Inc., the RSI reading has hit 25.7 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 46.2. Click here to find out what 9 other oversold dividend stocks you need to know about » Also see: • JPM Videos • Institutional Holders of WCLD • Institutional Holders of NXPS The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

A stock is considered to be oversold if the RSI reading falls below 30. In the case of Agilent Technologies, Inc., the RSI reading has hit 25.7 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 46.2. A falling stock price — all else being equal — creates a better opportunity for dividend investors to capture a higher yield.

211.0

2023-02-28 00:00:00 UTC

Agilent Technologies (A) Surpasses Q1 Earnings and Revenue Estimates

A

https://www.nasdaq.com/articles/agilent-technologies-a-surpasses-q1-earnings-and-revenue-estimates

Agilent Technologies (A) came out with quarterly earnings of $1.37 per share, beating the Zacks Consensus Estimate of $1.31 per share. This compares to earnings of $1.21 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 4.58%. A quarter ago, it was expected that this scientific instrument maker would post earnings of $1.39 per share when it actually produced earnings of $1.53, delivering a surprise of 10.07%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Agilent, which belongs to the Zacks Electronics - Testing Equipment industry, posted revenues of $1.76 billion for the quarter ended January 2023, surpassing the Zacks Consensus Estimate by 3.78%. This compares to year-ago revenues of $1.67 billion. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Agilent shares have lost about 5% since the beginning of the year versus the S&P 500's gain of 3.7%. What's Next for Agilent? While Agilent has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Agilent: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.28 on $1.64 billion in revenues for the coming quarter and $5.64 on $6.95 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Electronics - Testing Equipment is currently in the top 32% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the broader Zacks Computer and Technology sector, Iridex (IRIX), is yet to report results for the quarter ended December 2022. The results are expected to be released on March 9. This medical laser company is expected to post quarterly loss of $0.11 per share in its upcoming report, which represents a year-over-year change of +26.7%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Iridex's revenues are expected to be $15.17 million, down 0.6% from the year-ago quarter. 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops." Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.8% per year. So be sure to give these hand-picked 7 your immediate attention. See them now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report IRIDEX Corporation (IRIX) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. One other stock from the broader Zacks Computer and Technology sector, Iridex (IRIX), is yet to report results for the quarter ended December 2022. This medical laser company is expected to post quarterly loss of $0.11 per share in its upcoming report, which represents a year-over-year change of +26.7%.

Agilent, which belongs to the Zacks Electronics - Testing Equipment industry, posted revenues of $1.76 billion for the quarter ended January 2023, surpassing the Zacks Consensus Estimate by 3.78%. The current consensus EPS estimate is $1.28 on $1.64 billion in revenues for the coming quarter and $5.64 on $6.95 billion in revenues for the current fiscal year. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report IRIDEX Corporation (IRIX) : Free Stock Analysis Report To read this article on Zacks.com click here.

Agilent Technologies (A) came out with quarterly earnings of $1.37 per share, beating the Zacks Consensus Estimate of $1.31 per share. Agilent, which belongs to the Zacks Electronics - Testing Equipment industry, posted revenues of $1.76 billion for the quarter ended January 2023, surpassing the Zacks Consensus Estimate by 3.78%. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock.

Agilent Technologies (A) came out with quarterly earnings of $1.37 per share, beating the Zacks Consensus Estimate of $1.31 per share. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock.

212.0

2023-02-28 00:00:00 UTC

Agilent Technologies Q1 Profit Increases, beats estimates

A

https://www.nasdaq.com/articles/agilent-technologies-q1-profit-increases-beats-estimates

(RTTNews) - Agilent Technologies (A) revealed earnings for its first quarter that increased from the same period last year and beat the Street estimates. The company's earnings came in at $352 million, or $1.19 per share. This compares with $283 million, or $0.93 per share, in last year's first quarter. Excluding items, Agilent Technologies reported adjusted earnings of $406 million or $1.37 per share for the period. Analysts on average had expected the company to earn $1.30 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items. The company's revenue for the quarter rose 5.4% to $1.76 billion from $1.67 billion last year. Agilent Technologies earnings at a glance (GAAP) : -Earnings (Q1): $352 Mln. vs. $283 Mln. last year. -EPS (Q1): $1.19 vs. $0.93 last year. -Analyst Estimate: $1.30 -Revenue (Q1): $1.76 Bln vs. $1.67 Bln last year. -Guidance: Next quarter EPS guidance: $1.24 - $1.27 Next quarter revenue guidance: $1.655 - $1.680 Bln Full year EPS guidance: $5.65 - $5.70 Full year revenue guidance: $7.03 - $7.10 Bln The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

(RTTNews) - Agilent Technologies (A) revealed earnings for its first quarter that increased from the same period last year and beat the Street estimates. Excluding items, Agilent Technologies reported adjusted earnings of $406 million or $1.37 per share for the period. Analysts on average had expected the company to earn $1.30 per share, according to figures compiled by Thomson Reuters.

Excluding items, Agilent Technologies reported adjusted earnings of $406 million or $1.37 per share for the period. -Analyst Estimate: $1.30 -Revenue (Q1): $1.76 Bln vs. $1.67 Bln last year. -Guidance: Next quarter EPS guidance: $1.24 - $1.27 Next quarter revenue guidance: $1.655 - $1.680 Bln Full year EPS guidance: $5.65 - $5.70 Full year revenue guidance: $7.03 - $7.10 Bln The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

(RTTNews) - Agilent Technologies (A) revealed earnings for its first quarter that increased from the same period last year and beat the Street estimates. Excluding items, Agilent Technologies reported adjusted earnings of $406 million or $1.37 per share for the period. -Guidance: Next quarter EPS guidance: $1.24 - $1.27 Next quarter revenue guidance: $1.655 - $1.680 Bln Full year EPS guidance: $5.65 - $5.70 Full year revenue guidance: $7.03 - $7.10 Bln The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Excluding items, Agilent Technologies reported adjusted earnings of $406 million or $1.37 per share for the period. Agilent Technologies earnings at a glance (GAAP) : -Earnings (Q1): $352 Mln. -Analyst Estimate: $1.30 -Revenue (Q1): $1.76 Bln vs. $1.67 Bln last year.

213.0

2023-02-28 00:00:00 UTC

Agilent Technologies Q1 23 Earnings Conference Call At 4:30 PM ET

A

https://www.nasdaq.com/articles/agilent-technologies-q1-23-earnings-conference-call-at-4%3A30-pm-et

(RTTNews) - Agilent Technologies (A) will host a conference call at 4:30 PM ET on February 28, 2023, to discuss Q1 23 earnings results. To access the live webcast, log on to https://www.investor.agilent.com/news-and-events/events/default.aspx The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

(RTTNews) - Agilent Technologies (A) will host a conference call at 4:30 PM ET on February 28, 2023, to discuss Q1 23 earnings results. To access the live webcast, log on to https://www.investor.agilent.com/news-and-events/events/default.aspx The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

(RTTNews) - Agilent Technologies (A) will host a conference call at 4:30 PM ET on February 28, 2023, to discuss Q1 23 earnings results. To access the live webcast, log on to https://www.investor.agilent.com/news-and-events/events/default.aspx The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

(RTTNews) - Agilent Technologies (A) will host a conference call at 4:30 PM ET on February 28, 2023, to discuss Q1 23 earnings results. To access the live webcast, log on to https://www.investor.agilent.com/news-and-events/events/default.aspx The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

(RTTNews) - Agilent Technologies (A) will host a conference call at 4:30 PM ET on February 28, 2023, to discuss Q1 23 earnings results. To access the live webcast, log on to https://www.investor.agilent.com/news-and-events/events/default.aspx The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

214.0

2023-02-27 00:00:00 UTC

Agilent Technologies (A) to Post Q1 Earnings: What's in Store?

A

https://www.nasdaq.com/articles/agilent-technologies-a-to-post-q1-earnings%3A-whats-in-store

Agilent Technologies A is set to report its first-quarter fiscal 2023 results on Feb 28. For the fiscal first quarter, A expects revenues of $1.68-$1.70 billion, suggesting growth between 6.8% and 8% on a core basis from the year-ago fiscal quarter’s actuals. The Zacks Consensus Estimate for the same is pegged at $1.69 billion, implying growth of 1.1% from the year-ago fiscal quarter’s reported figure. A’s Non-GAAP earnings are expected to be $1.29-1.31 per share. The Zacks Consensus Estimate for earnings is pegged at $1.31 per share, indicating growth of 8.3% from the year-ago fiscal quarter’s reported figure. Agilent’s earnings surpassed the Zacks Consensus Estimate in all the trailing four quarters, the average being 6.74%. Key Factors to Note Agilent’s performance in the fiscal first quarter is likely to have benefited from solid momentum in the pharma and applied markets. Further, the company’s growing momentum across chemical & advanced materials, food, and environmental & forensics markets is likely to have remained a positive in the to-be-reported quarter. Additionally, A’s strength in the Life Sciences & Applied Markets Group (LSAG) segment, owing to growth in Liquid Chromatography and Mass Spectrometry instruments, is expected to have contributed well in the quarter under review. The Zacks Consensus Estimate for LSAG is pegged at $988 million, implying growth of 1.2% from the year-ago fiscal quarter’s reported figure. Moreover, during the fiscal first quarter, Agilent’s Cross Lab Group (ACG) segment is likely to have benefited from an increase in the service agreement connect rate. The Zacks Consensus Estimate for ACG is pegged at $363 million, implying growth of 1.1% from the year-ago fiscal quarter’s reported figure. Agilent’s Strength in NASD and Genomics portfolio is likely to have contributed well to the Diagnostics and Genomics Group (DGG) segment in its first quarter fiscal results. The Zacks Consensus Estimate for DGG is pegged at $343 million, implying growth of 1.2% from the year-ago fiscal quarter’s reported figure. Furthermore, strength in the Americas region and growth in the European and China businesses are expected to have remained tailwinds in the quarter under discussion. However, uncertainties related to the coronavirus pandemic are expected to get reflected in the upcoming quarterly results. Further, mounting expenses and macroeconomic headwinds are likely to have remained a concern in the quarter under review. What Our Model Says Our proven model does not conclusively predict an earnings beat for A this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter Agilent has an Earnings ESP of 0.00% and a Zacks Rank #2 at present. Stocks to Consider Here are some stocks that you may consider, as our model shows that they have the right combination of elements to beat on earnings this season. CrowdStrike CRWD has an Earnings ESP of +2.33% and a Zacks Rank #3 at present. You can see the complete list of today’s Zacks #1 Rank stocks here. CrowdStrike is scheduled to release its fourth-quarter fiscal 2023 results on Mar 7. The Zacks Consensus Estimate for CRWD’s earnings is pegged at 43 cents per share, suggesting an increase of 43.3% from the prior-year quarter’s reported figure. Axonics AXNX has an Earnings ESP of +31.03% and a Zacks Rank #3 at present. Axonics is set to report its fourth-quarter 2022 results on Mar 1. The Zacks Consensus Estimate for AXNX’s loss is pegged at 23 cents per share, narrower than the loss of 34 cents reported in the year-ago quarter. Broadcom AVGO ESP of +1.36% and a Zacks Rank #3 at present. Broadcom is scheduled to release its first-quarter fiscal 2023 results on Mar 2. The Zacks Consensus Estimate for AVGO’s earnings is pegged at $10.16 per share, suggesting an increase of 21.1% from the prior-year period’s reported figure. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. Today, See These 5 Potential Home Runs >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Broadcom Inc. (AVGO) : Free Stock Analysis Report Axonics Inc. (AXNX) : Free Stock Analysis Report CrowdStrike (CRWD) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Further, the company’s growing momentum across chemical & advanced materials, food, and environmental & forensics markets is likely to have remained a positive in the to-be-reported quarter. Additionally, A’s strength in the Life Sciences & Applied Markets Group (LSAG) segment, owing to growth in Liquid Chromatography and Mass Spectrometry instruments, is expected to have contributed well in the quarter under review. Moreover, during the fiscal first quarter, Agilent’s Cross Lab Group (ACG) segment is likely to have benefited from an increase in the service agreement connect rate.

The Zacks Consensus Estimate for LSAG is pegged at $988 million, implying growth of 1.2% from the year-ago fiscal quarter’s reported figure. The Zacks Consensus Estimate for ACG is pegged at $363 million, implying growth of 1.1% from the year-ago fiscal quarter’s reported figure. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Broadcom Inc. (AVGO) : Free Stock Analysis Report Axonics Inc. (AXNX) : Free Stock Analysis Report CrowdStrike (CRWD) : Free Stock Analysis Report To read this article on Zacks.com click here.

The Zacks Consensus Estimate for earnings is pegged at $1.31 per share, indicating growth of 8.3% from the year-ago fiscal quarter’s reported figure. The Zacks Consensus Estimate for ACG is pegged at $363 million, implying growth of 1.1% from the year-ago fiscal quarter’s reported figure. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Broadcom Inc. (AVGO) : Free Stock Analysis Report Axonics Inc. (AXNX) : Free Stock Analysis Report CrowdStrike (CRWD) : Free Stock Analysis Report To read this article on Zacks.com click here.

Additionally, A’s strength in the Life Sciences & Applied Markets Group (LSAG) segment, owing to growth in Liquid Chromatography and Mass Spectrometry instruments, is expected to have contributed well in the quarter under review. Stocks to Consider Here are some stocks that you may consider, as our model shows that they have the right combination of elements to beat on earnings this season. Today, See These 5 Potential Home Runs >> Want the latest recommendations from Zacks Investment Research?

215.0

2023-02-27 00:00:00 UTC

Itron (ITRI) Q4 Earnings and Revenues Top Estimates

A

https://www.nasdaq.com/articles/itron-itri-q4-earnings-and-revenues-top-estimates

Itron (ITRI) came out with quarterly earnings of $0.71 per share, beating the Zacks Consensus Estimate of $0.10 per share. This compares to earnings of $0.75 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 610%. A quarter ago, it was expected that this energy and water meter company would post earnings of $0.23 per share when it actually produced earnings of $0.23, delivering no surprise. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Itron, which belongs to the Zacks Electronics - Testing Equipment industry, posted revenues of $467.49 million for the quarter ended December 2022, surpassing the Zacks Consensus Estimate by 6.80%. This compares to year-ago revenues of $485.64 million. The company has topped consensus revenue estimates just once over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Itron shares have added about 7.9% since the beginning of the year versus the S&P 500's gain of 3.4%. What's Next for Itron? While Itron has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Itron: unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.18 on $453.01 million in revenues for the coming quarter and $1.37 on $1.9 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Electronics - Testing Equipment is currently in the bottom 33% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Agilent Technologies (A), another stock in the same industry, has yet to report results for the quarter ended January 2023. The results are expected to be released on February 28. This scientific instrument maker is expected to post quarterly earnings of $1.31 per share in its upcoming report, which represents a year-over-year change of +8.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Agilent Technologies' revenues are expected to be $1.69 billion, up 1.1% from the year-ago quarter. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. Today, See These 5 Potential Home Runs >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Itron, Inc. (ITRI) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. This scientific instrument maker is expected to post quarterly earnings of $1.31 per share in its upcoming report, which represents a year-over-year change of +8.3%.

Itron, which belongs to the Zacks Electronics - Testing Equipment industry, posted revenues of $467.49 million for the quarter ended December 2022, surpassing the Zacks Consensus Estimate by 6.80%. The current consensus EPS estimate is $0.18 on $453.01 million in revenues for the coming quarter and $1.37 on $1.9 billion in revenues for the current fiscal year. Click to get this free report Itron, Inc. (ITRI) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report To read this article on Zacks.com click here.

Itron (ITRI) came out with quarterly earnings of $0.71 per share, beating the Zacks Consensus Estimate of $0.10 per share. Itron, which belongs to the Zacks Electronics - Testing Equipment industry, posted revenues of $467.49 million for the quarter ended December 2022, surpassing the Zacks Consensus Estimate by 6.80%. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock.

Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. Today, See These 5 Potential Home Runs >> Want the latest recommendations from Zacks Investment Research?

216.0

2023-02-24 00:00:00 UTC

Time to Buy These Innovative Stocks Before Earnings?

A

https://www.nasdaq.com/articles/time-to-buy-these-innovative-stocks-before-earnings

Investors are always on the lookout for innovative companies that can continue to adapt to current times, trends, and technological advances. Next week's earnings lineup will feature two such companies that investors may want to consider buying. Agilent Technologies (A) Many companies out of the Zacks Computer and Technology sector are innovative in nature, and Agilent Technologies stands out in this regard with the company set to report its fiscal first-quarter earnings on Tuesday, February 28. Agilent is considered an original equipment manufacturer (OEM) with a long history in communications, electronics, semiconductor, test and measurement, life sciences, and chemical analysis industries. Following its spinoff from Hewlett Packard (HPE), Agilent launched its IPO in 1999 and in recent years has continued to diversify its research and testing solutions into new end markets. Agilent stock currently sports a Zacks Rank #2 (Buy) with earnings estimates revisions trending slightly higher throughout the quarter which has been rare for many tech stocks amid higher inflation. Image Source: Zacks Investment Research Q1 Preview & Outlook Agilent’s Q1 earnings are projected at $1.31 per share, up 8% year over year. The Zacks Expected Surprise Prediction (ESP) indicates Agilent should reach earnings expectations with the Most Accurate Estimate also having Q1 EPS at $1.31. On the top line, first-quarter sales are expected to be $1.69 billion, up 1% YoY. Image Source: Zacks Investment Research Agilent’s annual earnings are now forecasted to rise 8% in FY23 and jump another 10% in FY24 to $6.20 per share. On the top line, Sales are expected to be up 1% in FY23 and rise another 7% in FY24 to $7.46 billion. Performance & Valuation Agilent has a strong history, and its top and bottom line growth remains impressive which is very intriguing with its Electronics – Testing Equipment Industry also in the top 43% of over 250 Zacks Industries. Furthermore, Agilent stock is up +6% over the last year to largely outperform the S&P 500’s -10% and the Nasdaq -17%. Even better, since spinning off from Hewlett Packard in 1999, Agilent shares are up +234% and near the performance of the broader indexes to largley outperform HPE stock. Image Source: Zacks Investment Research Agilent stock also trades attractively from a historical valuation standpoint at $142 a share and 25.3X forward earnings which is near the industry average and nicely below its decade-long high of 41.6X and close to the median of 24.5X. Sterling Infrastructure (STRL) Out of the Industrial Products sector, Sterling Infrastructure is an innovative engineering company whose stock is intriguing before its fourth-quarter report on Monday, February 27. Sterling stock is edging toward higher highs with its Engineering – R and D Services Industry currently in the top 22% of all Zacks Industries. The operator of E-Infrastructure, Building, and Transportation Solutions also sports a Zacks Rank #2 (Buy) going into its quarterly release with earnings estimates trending higher for the company’s fiscal 2023 as it wraps up FY22. The rising earnings estimates could continue as Sterling announced on Thursday that it was awarded a monumental site development project for the Hyundai Engineering America EV battery facility in the state of Georgia. Image Source: Zacks Investment Research Q4 Preview & Outlook The Zacks Consensus for Sterling’s Q4 earnings is $0.68 per share, up 84% from EPS of $0.37 in the prior year quarter. The Zacks Surprise Prediction indicates Sterling should reach its quarterly earnings expectations with the Most Accurate Estimate also at $0.68 a share. Sales for the quarter are expected to be up 9% YoY at $439.10 million. Image Source: Zacks Investment Research Overall, Sterling earnings are now forecasted to climb 46% to $3.14 a share for FY22 compared to EPS of $2.15 in 2021. Plus, Fiscal 2023 earnings are expected to jump another 10% to $3.45 per share. Sales are now projected to pop 21% for FY22 and be virtually flat in FY23 at $1.93 billion. Performance & Valuation The top and bottom line growth of Sterling is very attractive, especially when considering STRL’s strong performance since it went public in 2001, now up an impeccable +4,704% to crush the performances of the broader indexes. Image Source: Zacks Investment Research More intriguing for investors is that Sterling stock is up +29% over the last year continuing its dominating performance which has also outperformed the broader indexes. Sterling stock currently has an “A” Style Scores grade for both Growth & Value. Trading at $37 per share and just 10.7X forward earnings, shares of STRL trade well below its decade-long high of 298.8X and nicely beneath the median of 12.6X. Bottom Line Investors will certainly want to keep Agilent Technologies (A) and Sterling Infrastructure (STRL) on their radars as there could still be plenty of upside and opportunity in these innovative companies. This will be especially true if they are able to provide strong quarterly reports and positive guidance. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Sterling Infrastructure, Inc. (STRL) : Free Stock Analysis Report Hewlett Packard Enterprise Company (HPE) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Image Source: Zacks Investment Research Agilent stock also trades attractively from a historical valuation standpoint at $142 a share and 25.3X forward earnings which is near the industry average and nicely below its decade-long high of 41.6X and close to the median of 24.5X. The operator of E-Infrastructure, Building, and Transportation Solutions also sports a Zacks Rank #2 (Buy) going into its quarterly release with earnings estimates trending higher for the company’s fiscal 2023 as it wraps up FY22. The rising earnings estimates could continue as Sterling announced on Thursday that it was awarded a monumental site development project for the Hyundai Engineering America EV battery facility in the state of Georgia.

Image Source: Zacks Investment Research Q1 Preview & Outlook Agilent’s Q1 earnings are projected at $1.31 per share, up 8% year over year. Image Source: Zacks Investment Research Agilent stock also trades attractively from a historical valuation standpoint at $142 a share and 25.3X forward earnings which is near the industry average and nicely below its decade-long high of 41.6X and close to the median of 24.5X. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Sterling Infrastructure, Inc. (STRL) : Free Stock Analysis Report Hewlett Packard Enterprise Company (HPE) : Free Stock Analysis Report To read this article on Zacks.com click here.

Image Source: Zacks Investment Research Agilent stock also trades attractively from a historical valuation standpoint at $142 a share and 25.3X forward earnings which is near the industry average and nicely below its decade-long high of 41.6X and close to the median of 24.5X. Image Source: Zacks Investment Research Q4 Preview & Outlook The Zacks Consensus for Sterling’s Q4 earnings is $0.68 per share, up 84% from EPS of $0.37 in the prior year quarter. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Sterling Infrastructure, Inc. (STRL) : Free Stock Analysis Report Hewlett Packard Enterprise Company (HPE) : Free Stock Analysis Report To read this article on Zacks.com click here.

Image Source: Zacks Investment Research Q1 Preview & Outlook Agilent’s Q1 earnings are projected at $1.31 per share, up 8% year over year. Performance & Valuation Agilent has a strong history, and its top and bottom line growth remains impressive which is very intriguing with its Electronics – Testing Equipment Industry also in the top 43% of over 250 Zacks Industries. Image Source: Zacks Investment Research More intriguing for investors is that Sterling stock is up +29% over the last year continuing its dominating performance which has also outperformed the broader indexes.

217.0

2023-02-24 00:00:00 UTC

Block's (SQ) Q4 Earnings Miss Estimates, Revenues Up Y/Y

A

https://www.nasdaq.com/articles/blocks-sq-q4-earnings-miss-estimates-revenues-up-y-y

Block SQ reported fourth-quarter 2022 adjusted earnings of 22 cents per share, missing the Zacks Consensus Estimate by 21.4%. The figure declined 18.5% year over year. Net revenues of $4.65 billion surpassed the Zacks Consensus Estimate of $4.53 billion. The top line increased by 14% from the prior-year quarter. Year-over-year revenue growth was driven by strong momentum across the Cash App ecosystem, which contributed $2.86 billion to net revenues for the reported quarter, up 12% year over year. Block witnessed solid traction across the Square ecosystem, generating $1.76 billion of net revenues, up 19% year over year. The company’s Corporate & Other — comprising the global music and entertainment platform TIDAL — generated $38 million in net revenues for the fourth quarter. Further, Block witnessed strong growth in transaction and subscription revenues. The growing momentum across the buy now, pay later (BNPL) platform generated $264 million in revenues in the reported quarter. Additionally, accelerating gross payment volume (GPV) drove the results. However, bitcoin volatility remained a concern for the company. Block, Inc. Price, Consensus and EPS Surprise Block, Inc. price-consensus-eps-surprise-chart | Block, Inc. Quote GPV GPV in the fourth quarter amounted to $53.2 billion, up 15% from the year-ago quarter. This was driven by strength across the Square ecosystem. Notably, Square’s GPV was $48.6 billion (accounted for 91% of the total GPV) in the fourth quarter, up 14% year over year. Cash App, which accounted for $4.55 billion of the overall GPV (9%), remained positive. The figure increased by 20% year over year. Block continued to experience improvement in its card-present volumes in the reported quarter. Card-present GPV was up 17% from the year-ago quarter. The company’s card-not-present GPV reflected year-over-year growth of 9% in the fourth quarter. Top Line Details Transaction (31.7% of net revenues): The company generated transaction revenues of $1.47 billion, up 13% year over year. Strong Square ecosystem accounted for $1.35 billion of transaction revenues, up 12% year over year. Further, Cash App contributed $122 million to transaction revenues, up 18% year over year, owing to the rising number of transactions as well as business accounts. Subscription and Services (28.1% of net revenues): The company generated $1.31 billion in revenues from this category, jumping 69% from the year-ago quarter. The improvement can be attributed to a strong performance by the Square ecosystem, which contributed $368 million to subscription and services revenues, up 60% year over year. Further, Cash App contributed $901 million to the category’s top line. The figure was up 85% from the year-ago quarter. Moreover, a well-performing BNPL platform contributed well. Hardware (0.8% of net revenues): Block generated revenues of $36 million from the business, down 1% year over year. Bitcoin (39.4% of net revenues): The company generated revenues of $1.83 billion from the category, down 6.5% year over year. This was attributed to sluggish consumer demand and a slowdown in trading activities due to declining bitcoin prices. Operating Details Per management, gross profit grew 40% from the year-ago quarter to $1.66 billion. The gross margin expanded by 680 basis points (bps) year over year to 35.7%. Adjusted EBITDA was $281 million in the reported quarter, up 52.7% year over year. Operating expenses were $1.8 billion, rising 45% from the prior-year quarter. Product development expenses were $605 million, up 54% year over year, primarily due to rising headcount and personnel costs in the engineering, data science and design teams. Also, product development expenses associated with the BNPL platform led to the surge. General and administrative expenses were $450 million, up 51% from the prior-year quarter. This was primarily caused by finance, legal, human resources and support personnel costs and expenses associated with the BNPL platform. Sales and marketing costs were $540 million, up 11% year over year due to an increase in Cash App peer-to-peer processing costs. The adjusted operating loss was $31.9 million in the reported quarter compared with $22.6 million in the year-ago quarter. Balance Sheet As of Dec 31, 2022, the cash and cash equivalent balance was $4.54 billion, up from $4.33 billion on Sep 30, 2022. Short-term investments were $1.08 billion for the reported quarter, up from $1.05 billion in the previous quarter. Long-term debt was $4.109 billion compared with $4.107 billion in the prior quarter. Zacks Rank & Stocks to Consider Currently, Block has a Zacks Rank #4 (Sell). Some better-ranked stocks in the broader Zacks Computer & Technology sector are Arista Networks ANET, Baidu BIDU and Agilent Technologies A. While Arista Networks and Baidu sport a Zacks Rank #1 (Strong Buy), Agilent Technologies carries a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here. Arista Networks has gained 6.1% in the past year. The long-term earnings growth rate for ANET is currently projected at 17.5%. Baidu has lost 7.1% in the past year. The long-term earnings growth rate for BIDU is currently projected at 19.4%. Agilent has gained 8.4% in the past year. A’s long-term earnings growth rate is currently projected at 10%. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Baidu, Inc. (BIDU) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report Block, Inc. (SQ) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Block SQ reported fourth-quarter 2022 adjusted earnings of 22 cents per share, missing the Zacks Consensus Estimate by 21.4%. The company’s Corporate & Other — comprising the global music and entertainment platform TIDAL — generated $38 million in net revenues for the fourth quarter. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.

Year-over-year revenue growth was driven by strong momentum across the Cash App ecosystem, which contributed $2.86 billion to net revenues for the reported quarter, up 12% year over year. Top Line Details Transaction (31.7% of net revenues): The company generated transaction revenues of $1.47 billion, up 13% year over year. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Baidu, Inc. (BIDU) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report Block, Inc. (SQ) : Free Stock Analysis Report To read this article on Zacks.com click here.

Year-over-year revenue growth was driven by strong momentum across the Cash App ecosystem, which contributed $2.86 billion to net revenues for the reported quarter, up 12% year over year. Top Line Details Transaction (31.7% of net revenues): The company generated transaction revenues of $1.47 billion, up 13% year over year. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Baidu, Inc. (BIDU) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report Block, Inc. (SQ) : Free Stock Analysis Report To read this article on Zacks.com click here.

Year-over-year revenue growth was driven by strong momentum across the Cash App ecosystem, which contributed $2.86 billion to net revenues for the reported quarter, up 12% year over year. Bitcoin (39.4% of net revenues): The company generated revenues of $1.83 billion from the category, down 6.5% year over year. Adjusted EBITDA was $281 million in the reported quarter, up 52.7% year over year.

218.0

2023-02-23 00:00:00 UTC

ETSY's Q4 Earnings Miss Estimates, Revenues Increase Y/Y

A

https://www.nasdaq.com/articles/etsys-q4-earnings-miss-estimates-revenues-increase-y-y

Etsy, Inc. ETSY reported fourth-quarter 2022 earnings of 77 cents per share, reflecting a year-over-year decline of 30.6%. Also, the bottom line missed the Zacks Consensus Estimate by 6.1%. Revenues advanced 12.6% year over year to $807.2 million. The figure beat the Zacks Consensus Estimate of $753.9 million. Top-line growth was driven by accelerating services and marketplace revenues. Moreover, strong momentum across the company’s marketplace during the holiday shopping season contributed well. Top Line in Detail Marketplace revenues were $600.16 million (74.3% of the total revenues), up 10.9% from the year-ago quarter’s level. This was driven by strong performance during the holiday shopping season. Also, solid momentum across buyers remained positive. ETSY acquired 9.5 million new buyers, which was a major positive. Services revenues were $207.08 million (25.7% of the total revenues), up 17.7% on a year-over-year basis. Etsy, Inc. Price, Consensus and EPS Surprise Etsy, Inc. price-consensus-eps-surprise-chart | Etsy, Inc. Quote Quarterly Specifics Etsy’s active buyer base decreased 1.3% from the prior-year quarter’s figure to 95.08 million. The active seller base stood at 7.5 million, down 0.7% year over year. GMS of ETSY was $4.03 billion, down 4% year over year. The Etsy marketplace’s GMS was $3.7 billion, down 3.5% from the prior-year quarter’s figure. Non-U.S. GMS for the Etsy marketplace rose 5% from the prior-year quarter’s figure on a currency-neutral basis and accounted for 45% of the total GMS. Operating Details In fourth-quarter 2022, the gross margin was 72%, which expanded 110 basis points (bps) year over year. Total operating expenses were $442.12 million, reflecting growth of 20.8% on a year-over-year basis. Consequently, the operating margin was 17.3%, which contracted 250 bps year over year. Balance Sheet As of Dec 31, 2022, cash and cash equivalents totaled $921.3 million, which increased from $789.9 million as of Sep 30, 2022. Short-term investments were $250.4 million, down from $251.2 million in the previous quarter. Long-term debt stood at $2.279 billion at the end of the fourth quarter compared with $2.278 billion at the end of the previous quarter. Guidance For the first quarter of 2023, Etsy anticipates total revenues between $600 million and $640 million. The Zacks Consensus Estimate for the same is pegged at $620.68 million. GMS is expected to be $2.95-$3.15 billion. The adjusted EBITDA margin is expected to be 26-27%. Zacks Rank & Stocks to Consider Currently, ETSY has a Zacks Rank #3 (Hold). Investors interested in the broader Zacks Computer & Technology sector can consider some better-ranked stocks like Arista Networks ANET, Agilent Technologies A and Salesforce CRM. ANET sports a Zacks Rank #1 (Strong Buy) while A and CRM carry a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here. Arista is set to report its first-quarter fiscal 2023 results on Feb 28. The Zacks Consensus Estimate for Arista’s earnings is pegged at $1.33 per share, suggesting an increase of 58.33% from the prior-year period’s reported figure. The stock has gained 11.9% in the past year. The long-term earnings growth rate for ANET is currently projected at 14.17%. Agilent Technologies is set to report its first-quarter fiscal 2023 results on Feb 28. The Zacks Consensus Estimate for Agilent’s earnings is pegged at $1.31 per share, suggesting an increase of 8.3% from the prior-year period’s reported figure. The stock has gained 10.9% in the past year. The long-term earnings growth rate for A is currently projected at 10%. Salesforce is scheduled to release its fourth-quarter fiscal 2023 results on Mar 1. The Zacks Consensus Estimate for CRM’s earnings is pegged at $1.36 per share, suggesting an increase of 61.9% from the prior-year quarter’s reported figure. The stock has lost 8.5% in the past year. The long-term earnings growth rate for CRM is currently projected at 16.75%. Is THIS the Ultimate New Clean Energy Source? (4 Ways to Profit) The world is increasingly focused on eliminating fossil fuels and ramping up use of renewable, clean energy sources. Hydrogen fuel cells, powered by the most abundant substance in the universe, could provide an unlimited amount of ultra-clean energy for multiple industries. Our urgent special report reveals 4 hydrogen stocks primed for big gains - plus our other top clean energy stocks. See Stocks Now Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Salesforce Inc. (CRM) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report Etsy, Inc. (ETSY) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The Zacks Consensus Estimate for Arista’s earnings is pegged at $1.33 per share, suggesting an increase of 58.33% from the prior-year period’s reported figure. The Zacks Consensus Estimate for Agilent’s earnings is pegged at $1.31 per share, suggesting an increase of 8.3% from the prior-year period’s reported figure. Hydrogen fuel cells, powered by the most abundant substance in the universe, could provide an unlimited amount of ultra-clean energy for multiple industries.

The Zacks Consensus Estimate for Arista’s earnings is pegged at $1.33 per share, suggesting an increase of 58.33% from the prior-year period’s reported figure. The Zacks Consensus Estimate for Agilent’s earnings is pegged at $1.31 per share, suggesting an increase of 8.3% from the prior-year period’s reported figure. Click to get this free report Salesforce Inc. (CRM) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report Etsy, Inc. (ETSY) : Free Stock Analysis Report To read this article on Zacks.com click here.

Etsy, Inc. Price, Consensus and EPS Surprise Etsy, Inc. price-consensus-eps-surprise-chart | Etsy, Inc. Quote Quarterly Specifics Etsy’s active buyer base decreased 1.3% from the prior-year quarter’s figure to 95.08 million. The Zacks Consensus Estimate for CRM’s earnings is pegged at $1.36 per share, suggesting an increase of 61.9% from the prior-year quarter’s reported figure. Click to get this free report Salesforce Inc. (CRM) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report Etsy, Inc. (ETSY) : Free Stock Analysis Report To read this article on Zacks.com click here.

GMS of ETSY was $4.03 billion, down 4% year over year. The Etsy marketplace’s GMS was $3.7 billion, down 3.5% from the prior-year quarter’s figure. Guidance For the first quarter of 2023, Etsy anticipates total revenues between $600 million and $640 million.

219.0

2023-02-23 00:00:00 UTC

Daily Dividend Report: ETN,TMO,DE,A,SYY

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https://www.nasdaq.com/articles/daily-dividend-report%3A-etntmodeasyy

The Board of Directors of intelligent power management company Eaton today declared a quarterly dividend of $0.86 per ordinary share, an increase of 6% over its last quarterly dividend. The dividend is payable March 24, 2023, to shareholders of record at the close of business on March 6, 2023. Eaton has paid dividends on its shares every year since 1923. Thermo Fisher Scientific, the world leader in serving science, today announced that its Board of Directors has authorized a quarterly cash dividend of $0.35 per common share payable on April 14, 2023, to stockholders of record as of March 15, 2023. This reflects a 17% increase over the previous dividend payment of $0.30. The Deere Board of Directors today declared a quarterly dividend of $1.25 per share payable May 8, 2023, to stockholders of record on March 31, 2023. The new quarterly rate represents an additional 5 cents per share over the previous level. Agilent Technologies today announced a quarterly dividend of 22.5 cents per share of common stock will be paid on April 26, 2023, to all shareholders of record as of the close of business on April 4, 2023. Sysco today announced that the Board of Directors declared a regular quarterly cash dividend of $0.49 per share, payable on April 28, 2023, to common stockholders of record at the close of business on April 6, 2023. VIDEO: Daily Dividend Report: ETN,TMO,DE,A,SYY The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Thermo Fisher Scientific, the world leader in serving science, today announced that its Board of Directors has authorized a quarterly cash dividend of $0.35 per common share payable on April 14, 2023, to stockholders of record as of March 15, 2023. The Deere Board of Directors today declared a quarterly dividend of $1.25 per share payable May 8, 2023, to stockholders of record on March 31, 2023. The new quarterly rate represents an additional 5 cents per share over the previous level.

Thermo Fisher Scientific, the world leader in serving science, today announced that its Board of Directors has authorized a quarterly cash dividend of $0.35 per common share payable on April 14, 2023, to stockholders of record as of March 15, 2023. Agilent Technologies today announced a quarterly dividend of 22.5 cents per share of common stock will be paid on April 26, 2023, to all shareholders of record as of the close of business on April 4, 2023. Sysco today announced that the Board of Directors declared a regular quarterly cash dividend of $0.49 per share, payable on April 28, 2023, to common stockholders of record at the close of business on April 6, 2023.

The Board of Directors of intelligent power management company Eaton today declared a quarterly dividend of $0.86 per ordinary share, an increase of 6% over its last quarterly dividend. Thermo Fisher Scientific, the world leader in serving science, today announced that its Board of Directors has authorized a quarterly cash dividend of $0.35 per common share payable on April 14, 2023, to stockholders of record as of March 15, 2023. Sysco today announced that the Board of Directors declared a regular quarterly cash dividend of $0.49 per share, payable on April 28, 2023, to common stockholders of record at the close of business on April 6, 2023.

The Board of Directors of intelligent power management company Eaton today declared a quarterly dividend of $0.86 per ordinary share, an increase of 6% over its last quarterly dividend. Agilent Technologies today announced a quarterly dividend of 22.5 cents per share of common stock will be paid on April 26, 2023, to all shareholders of record as of the close of business on April 4, 2023. Sysco today announced that the Board of Directors declared a regular quarterly cash dividend of $0.49 per share, payable on April 28, 2023, to common stockholders of record at the close of business on April 6, 2023.

220.0

2023-02-23 00:00:00 UTC

Should You Invest in the First Trust Water ETF (FIW)?

A

https://www.nasdaq.com/articles/should-you-invest-in-the-first-trust-water-etf-fiw

If you're interested in broad exposure to the Industrials - Water segment of the equity market, look no further than the First Trust Water ETF (FIW), a passively managed exchange traded fund launched on 05/08/2007. While an excellent vehicle for long term investors, passively managed ETFs are a popular choice among institutional and retail investors due to their low costs, transparency, flexibility, and tax efficiency. Sector ETFs are also funds of convenience, offering many ways to gain low risk and diversified exposure to a broad group of companies in particular sectors. Industrials - Water is one of the 16 broad Zacks sectors within the Zacks Industry classification. It is currently ranked 2, placing it in top 13%. Index Details The fund is sponsored by First Trust Advisors. It has amassed assets over $1.30 billion, making it one of the larger ETFs attempting to match the performance of the Industrials - Water segment of the equity market. FIW seeks to match the performance of the ISE Clean Edge Water Index before fees and expenses. The ISE Clean Edge Water Index is a modified market capitalization-weighted index comprised of exchange-listed companies that derive a substantial portion of their revenues from the potable and wastewater industry. Costs Investors should also pay attention to an ETF's expense ratio. Lower cost products will produce better results than those with a higher cost, assuming all other metrics remain the same. Annual operating expenses for this ETF are 0.53%, making it on par with most peer products in the space. It has a 12-month trailing dividend yield of 0.64%. Sector Exposure and Top Holdings Even though ETFs offer diversified exposure that minimizes single stock risk, investors should also look at the actual holdings inside the fund. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis. This ETF has heaviest allocation in the Industrials sector--about 54.20% of the portfolio. Utilities and Healthcare round out the top three. Looking at individual holdings, Idexx Laboratories, Inc. (IDXX) accounts for about 5.11% of total assets, followed by Xylem Inc. (XYL) and Agilent Technologies, Inc. (A). The top 10 holdings account for about 41.89% of total assets under management. Performance and Risk The ETF return is roughly 5.29% and it's up approximately 5.25% so far this year and in the past one year (as of 02/23/2023), respectively. FIW has traded between $67.71 and $86.50 during this last 52-week period. The ETF has a beta of 1.01 and standard deviation of 27.67% for the trailing three-year period, making it a medium risk choice in the space. With about 37 holdings, it has more concentrated exposure than peers. Alternatives First Trust Water ETF holds a Zacks ETF Rank of 2 (Buy), which is based on expected asset class return, expense ratio, and momentum, among other factors. Because of this, FIW is a great option for investors seeking exposure to the Industrials ETFs segment of the market. There are other additional ETFs in the space that investors could consider as well. Invesco S&P Global Water Index ETF (CGW) tracks S&P GLOBAL WATER INDEX and the Invesco Water Resources ETF (PHO) tracks NASDAQ OMX US Water Index. Invesco S&P Global Water Index ETF has $977.53 million in assets, Invesco Water Resources ETF has $1.78 billion. CGW has an expense ratio of 0.57% and PHO charges 0.59%. Bottom Line To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center. Want key ETF info delivered straight to your inbox? Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report First Trust Water ETF (FIW): ETF Research Reports Agilent Technologies, Inc. (A) : Free Stock Analysis Report IDEXX Laboratories, Inc. (IDXX) : Free Stock Analysis Report Invesco S&P Global Water Index ETF (CGW): ETF Research Reports Invesco Water Resources ETF (PHO): ETF Research Reports Xylem Inc. (XYL) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

It has amassed assets over $1.30 billion, making it one of the larger ETFs attempting to match the performance of the Industrials - Water segment of the equity market. Looking at individual holdings, Idexx Laboratories, Inc. (IDXX) accounts for about 5.11% of total assets, followed by Xylem Inc. (XYL) and Agilent Technologies, Inc. (A). The ETF has a beta of 1.01 and standard deviation of 27.67% for the trailing three-year period, making it a medium risk choice in the space.

Sector Exposure and Top Holdings Even though ETFs offer diversified exposure that minimizes single stock risk, investors should also look at the actual holdings inside the fund. Invesco S&P Global Water Index ETF (CGW) tracks S&P GLOBAL WATER INDEX and the Invesco Water Resources ETF (PHO) tracks NASDAQ OMX US Water Index. Click to get this free report First Trust Water ETF (FIW): ETF Research Reports Agilent Technologies, Inc. (A) : Free Stock Analysis Report IDEXX Laboratories, Inc. (IDXX) : Free Stock Analysis Report Invesco S&P Global Water Index ETF (CGW): ETF Research Reports Invesco Water Resources ETF (PHO): ETF Research Reports Xylem Inc. (XYL) : Free Stock Analysis Report To read this article on Zacks.com click here.

Invesco S&P Global Water Index ETF (CGW) tracks S&P GLOBAL WATER INDEX and the Invesco Water Resources ETF (PHO) tracks NASDAQ OMX US Water Index. Bottom Line To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center. Click to get this free report First Trust Water ETF (FIW): ETF Research Reports Agilent Technologies, Inc. (A) : Free Stock Analysis Report IDEXX Laboratories, Inc. (IDXX) : Free Stock Analysis Report Invesco S&P Global Water Index ETF (CGW): ETF Research Reports Invesco Water Resources ETF (PHO): ETF Research Reports Xylem Inc. (XYL) : Free Stock Analysis Report To read this article on Zacks.com click here.

If you're interested in broad exposure to the Industrials - Water segment of the equity market, look no further than the First Trust Water ETF (FIW), a passively managed exchange traded fund launched on 05/08/2007. Industrials - Water is one of the 16 broad Zacks sectors within the Zacks Industry classification. The top 10 holdings account for about 41.89% of total assets under management.

221.0

2023-02-22 00:00:00 UTC

Agilent Technologies (A) Dips More Than Broader Markets: What You Should Know

A

https://www.nasdaq.com/articles/agilent-technologies-a-dips-more-than-broader-markets%3A-what-you-should-know-2

Agilent Technologies (A) closed at $142.08 in the latest trading session, marking a -0.93% move from the prior day. This change lagged the S&P 500's daily loss of 0.16%. At the same time, the Dow lost 0.26%, and the tech-heavy Nasdaq gained 1.58%. Prior to today's trading, shares of the scientific instrument maker had lost 7.88% over the past month. This has lagged the Computer and Technology sector's gain of 0.99% and the S&P 500's gain of 0.84% in that time. Wall Street will be looking for positivity from Agilent Technologies as it approaches its next earnings report date. This is expected to be February 28, 2023. The company is expected to report EPS of $1.31, up 8.26% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $1.69 billion, up 1.08% from the prior-year quarter. Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.64 per share and revenue of $6.95 billion. These totals would mark changes of +8.05% and +1.56%, respectively, from last year. Investors might also notice recent changes to analyst estimates for Agilent Technologies. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook. Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Agilent Technologies is currently sporting a Zacks Rank of #2 (Buy). Valuation is also important, so investors should note that Agilent Technologies has a Forward P/E ratio of 25.41 right now. This represents a no noticeable deviation compared to its industry's average Forward P/E of 25.41. Also, we should mention that A has a PEG ratio of 2.54. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Electronics - Testing Equipment industry currently had an average PEG ratio of 2.66 as of yesterday's close. The Electronics - Testing Equipment industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 108, putting it in the top 43% of all 250+ industries. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. Today, See These 5 Potential Home Runs >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Agilent Technologies (A) closed at $142.08 in the latest trading session, marking a -0.93% move from the prior day. Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.64 per share and revenue of $6.95 billion. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.64 per share and revenue of $6.95 billion. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report To read this article on Zacks.com click here.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.64 per share and revenue of $6.95 billion. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report To read this article on Zacks.com click here.

Agilent Technologies (A) closed at $142.08 in the latest trading session, marking a -0.93% move from the prior day. The company is expected to report EPS of $1.31, up 8.26% from the prior-year quarter. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account.

222.0

2023-02-22 00:00:00 UTC

Will Cloud Strength Benefit Alibaba's (BABA) Q3 Earnings?

A

https://www.nasdaq.com/articles/will-cloud-strength-benefit-alibabas-baba-q3-earnings

Alibaba Group Holding Limited’s BABA third-quarter fiscal 2023 results, slated for release on Feb 23, are expected to reflect the impacts of the strengthening cloud computing segment. Moreover, the segment has turned out to be one of the key contributors to the company’s overall top line growth. In the last reported quarter, revenues from the cloud computing segment increased 4% from the prior-year period to RMB 20.8 billion ($2.9 billion), accounting for 10% of the total revenues. Click here to know how the company’s overall fiscal third-quarter results are expected to be. Factors to Note Increasing spending from enterprise customers, driven by Alibaba’s continued efforts to add features to its cloud offerings, is likely to have driven the segment’s top line growth in the fiscal third quarter. Notably, Alibaba’s strong cloud services portfolio, powered by advanced technologies like AI, Machine Learning and the Internet of Things, is expected to have aided it in addressing the rising demand for cloud architecture. Moreover, the company has been taking strong initiatives toward making its key cloud products serverless in order to prevent customers from worrying about managing servers and infrastructure during the process of product development and deployment. These initiatives are expected to have driven Alibaba Cloud’s customer momentum in the quarter under review. Further, Alibaba’s expanding footprint in the booming cloud market is expected to have been encouraging. Alibaba Group Holding Limited Price and Consensus Alibaba Group Holding Limited price-consensus-chart | Alibaba Group Holding Limited Quote The company’s cloud computing business has been gaining a lot of traction in China, as well as in other international regions. Its strengthening global data center network is anticipated to have been beneficial in the to-be-reported quarter. The company has been witnessing solid momentum across the Asia Pacific region for the past few quarters. The trend is expected to have persisted in the quarter under review. Additionally, the company's Hybrid Cloud Partner Program, which has been gaining strong traction, is expected to be reflected in the upcoming results. Zacks Rank & Stocks to Consider Currently, Alibaba carries a Zacks Rank #2 (Buy). Some other top-ranked stocks in the broader Zacks Computer & Technology sector are Arista Networks ANET, Agilent Technologies A and Baidu BIDU. While Arista Networks sports a Zacks Rank #1 (Strong Buy), Agilent Technologies and Baidu carry a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here. Arista Networks has gained 6.1% in the past year. The long-term earnings growth rate for ANET is currently projected at 17.5%. Agilent has gained 8.4% in the past year. A’s long-term earnings growth rate is currently projected at 10%. Baidu has lost 7.1% in the past year. The long-term earnings growth rate for BIDU is currently projected at 19.4%. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. Today, See These 5 Potential Home Runs >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Baidu, Inc. (BIDU) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report Alibaba Group Holding Limited (BABA) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Alibaba Group Holding Limited’s BABA third-quarter fiscal 2023 results, slated for release on Feb 23, are expected to reflect the impacts of the strengthening cloud computing segment. Additionally, the company's Hybrid Cloud Partner Program, which has been gaining strong traction, is expected to be reflected in the upcoming results. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.

Alibaba Group Holding Limited Price and Consensus Alibaba Group Holding Limited price-consensus-chart | Alibaba Group Holding Limited Quote The company’s cloud computing business has been gaining a lot of traction in China, as well as in other international regions. While Arista Networks sports a Zacks Rank #1 (Strong Buy), Agilent Technologies and Baidu carry a Zacks Rank #2 at present. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Baidu, Inc. (BIDU) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report Alibaba Group Holding Limited (BABA) : Free Stock Analysis Report To read this article on Zacks.com click here.

Alibaba Group Holding Limited Price and Consensus Alibaba Group Holding Limited price-consensus-chart | Alibaba Group Holding Limited Quote The company’s cloud computing business has been gaining a lot of traction in China, as well as in other international regions. While Arista Networks sports a Zacks Rank #1 (Strong Buy), Agilent Technologies and Baidu carry a Zacks Rank #2 at present. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Baidu, Inc. (BIDU) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report Alibaba Group Holding Limited (BABA) : Free Stock Analysis Report To read this article on Zacks.com click here.

These initiatives are expected to have driven Alibaba Cloud’s customer momentum in the quarter under review. Some other top-ranked stocks in the broader Zacks Computer & Technology sector are Arista Networks ANET, Agilent Technologies A and Baidu BIDU. Today, See These 5 Potential Home Runs >> Want the latest recommendations from Zacks Investment Research?

223.0

2023-02-22 00:00:00 UTC

Garmin's (GRMN) Q4 Earnings & Sales Beat Estimates, Down Y/Y

A

https://www.nasdaq.com/articles/garmins-grmn-q4-earnings-sales-beat-estimates-down-y-y

Garmin Ltd. GRMN reported fourth-quarter 2022 pro-forma earnings of $1.35 per share, beating the Zacks Consensus Estimate by 18.4%. However, the bottom line declined 13% on a year-over-year basis. Net sales were $1.31 billion, which surpassed the Zacks Consensus Estimate of $1.29 billion. The figure decreased by 6% from the year-ago quarter’s figure. The year-over-year decline in the top line was attributed to sluggishness across the fitness and auto segments. Nevertheless, GRMN witnessed strong momentum in the aviation segment in the fourth quarter. Garmin’s strong focus on continued innovation, diversification and market expansion to explore opportunities across all business segments remains a major positive. Its strong product lines are expected to aid its performance in the near term. Garmin Ltd. Price, Consensus and EPS Surprise Garmin Ltd. price-consensus-eps-surprise-chart | Garmin Ltd. Quote Segmental Details Outdoor (29.7% of net sales): The segment generated sales of $388.3 million in the reported quarter, increasing 3% year over year. This was driven by solid demand for Garmin’s handhelds and services. Fitness (25.8%): The segment generated sales of $336.5 million, which decreased 28% from the year-ago quarter’s level due to sluggishness across all categories. Aviation (17.2%): The segment generated sales of $225.2 million, increasing 27% on a year-over-year basis. This was driven by solid momentum across the aftermarket and OEM categories. Marine (16.1%): Garmin generated sales of $210.6 million from the segment, increasing 7% on a year-over-year basis. This was attributed to the strong demand for the company’s sonar and chartplotters. Auto (11.2%): The segment generated sales of $145.7 million, down 14% from the prior-year quarter’s level. This was primarily due to weak consumer auto product sales. Operating Results In the fourth quarter, the gross margin was 57%, which expanded 150 basis points (bps) from the year-ago period’s level. Garmin’s operating expenses of $477.8 million were up 4.6% from the prior-year quarter’s level. As a percentage of revenues, the figure expanded 380 bps year over year to 36.6%. The operating margin was 20.5% in the reported quarter, which contracted 210 bps year over year. Balance Sheet & Cash Flow As of Dec 31, 2022, cash, cash equivalents and marketable securities were $1.45 billion, lower than $1.46 billion as of Sep 24, 2022. In the fourth quarter, inventories were $1.515 billion compared with $1.533 billion in the previous quarter. We note that GRMN had no long-term debt for the reported quarter. GRMN generated $368.7 million in cash from operations in the reported quarter compared with $154.1 million in the previous quarter. Garmin generated a free cash flow of $309.3 million. GRMN paid out dividends worth $280 million and repurchased shares worth $93 million in the reported quarter. 2023 Guidance GRMN projects 2023 revenues at $5 billion, which reflects a growth of 3% from 2022. The Zacks Consensus Estimate for 2022 net sales is pegged at $5.05 billion. Garmin expects pro-forma earnings of $5.15 per share. The consensus mark for 2022 earnings is pegged at $5.25 per share. Management anticipates gross and operating margins of 57.5% and 20.3%, respectively. Zacks Rank and Other Stocks to Consider Currently, Garmin carries a Zacks Rank #2 (Buy). A few more top-ranked stocks in the broader Zacks Computer & Technology sector are Arista Networks ANET, Agilent Technologies A and Baidu BIDU. While Arista Networks sports a Zacks Rank #1 (Strong Buy), Agilent Technologies and Baidu carry a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here. Arista Networks has gained 6.1% in the past year. The long-term earnings growth rate for ANET is currently projected at 17.5%. Agilent has gained 8.4% in the past year. A’s long-term earnings growth rate is currently projected at 10%. Baidu has lost 7.1% in the past year. The long-term earnings growth rate for BIDU is currently projected at 19.4%. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. Today, See These 5 Potential Home Runs >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Garmin Ltd. (GRMN) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Baidu, Inc. (BIDU) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Garmin’s strong focus on continued innovation, diversification and market expansion to explore opportunities across all business segments remains a major positive. Fitness (25.8%): The segment generated sales of $336.5 million, which decreased 28% from the year-ago quarter’s level due to sluggishness across all categories. Operating Results In the fourth quarter, the gross margin was 57%, which expanded 150 basis points (bps) from the year-ago period’s level.

Garmin Ltd. Price, Consensus and EPS Surprise Garmin Ltd. price-consensus-eps-surprise-chart | Garmin Ltd. Quote Segmental Details Outdoor (29.7% of net sales): The segment generated sales of $388.3 million in the reported quarter, increasing 3% year over year. While Arista Networks sports a Zacks Rank #1 (Strong Buy), Agilent Technologies and Baidu carry a Zacks Rank #2 at present. Click to get this free report Garmin Ltd. (GRMN) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Baidu, Inc. (BIDU) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

Garmin Ltd. Price, Consensus and EPS Surprise Garmin Ltd. price-consensus-eps-surprise-chart | Garmin Ltd. Quote Segmental Details Outdoor (29.7% of net sales): The segment generated sales of $388.3 million in the reported quarter, increasing 3% year over year. GRMN generated $368.7 million in cash from operations in the reported quarter compared with $154.1 million in the previous quarter. Click to get this free report Garmin Ltd. (GRMN) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Baidu, Inc. (BIDU) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

Garmin Ltd. Price, Consensus and EPS Surprise Garmin Ltd. price-consensus-eps-surprise-chart | Garmin Ltd. Quote Segmental Details Outdoor (29.7% of net sales): The segment generated sales of $388.3 million in the reported quarter, increasing 3% year over year. Fitness (25.8%): The segment generated sales of $336.5 million, which decreased 28% from the year-ago quarter’s level due to sluggishness across all categories. GRMN generated $368.7 million in cash from operations in the reported quarter compared with $154.1 million in the previous quarter.

224.0

2023-02-21 00:00:00 UTC

Zacks Industry Outlook Highlights Agilent Technologies, AMETEK and Fortive

A

https://www.nasdaq.com/articles/zacks-industry-outlook-highlights-agilent-technologies-ametek-and-fortive-0

For Immediate Release Chicago, IL – February 21, 2023 – Today, Zacks Equity Research discusses Agilent Technologies A, AMETEK AME and Fortive FTV. Industry: Electronics Testing Link: https://www.zacks.com/commentary/2055793/3-testing-equipment-stocks-with-bright-prospects-to-watch The Zacks Electronics – Testing Equipmentindustry has been benefiting from 5G-related growth opportunities, strengthening automation drive and the Industry 4.0 momentum for a while. A strong recovery in the automotive sector, the growing proliferation of self-driving vehicles and solid prospects of the Advanced Driver Assistance System (ADAS) are a tailwind to the industry players. The increasing adoption of software-enabled testing instruments and devices remains another positive. Industry participants like Agilent Technologies, AMETEK and Fortive are well-poised to benefit from the aforesaid factors. However, widening supply-chain challenges, end-market volatility, inflationary pressures and growing geo-political tensions remain a concern for the underlined industry. Industry Description The Zacks Electronics – Testing Equipment industry comprises companies offering advanced instruments, electronic testing equipment solutions, thermal management systems, electrical connectors, motors and various test solutions. The major end markets this particular industry serves are consumer, automobile, industrial, aerospace & defense, healthcare, semiconductors and communications. The industry players are continuously making technological advancements to gain traction from the manufacturers of semiconductors, vehicles, machinery, smartphones and medical devices, who are constantly increasing their spending on electronic components. 3 Trends Shaping the Future of Electronics - Testing Equipment Industry 5G Prospects Are Key Catalysts: The growing deployment of 5G holds near-term promises for the industry players. Another major positive is an uptick in demand for the 5G test solutions, which are required for 5G deployment. The current coronavirus-triggered work-from-home and learn-from-home waves, steadily bolstering demand for high-speed Internet services globally, bode well for the electronic companies that are enhancing their 5G efforts. The increasing number of high-speed data centers worldwide is another tailwind. Given this upbeat scenario, the industry is anticipated to remain on the growth trajectory, backed by strong efforts to solidify the 5G strength. Solid Adoption of Motion Control & Test Systems a Positive: The rising utilization of precision motion-control solutions and automatic test systems in motion-control devices and testing products, particularly in the aerospace, automation, medical and military markets, is a boon. Commercial motor vehicles will likely continue buoying demand for vehicle-tracking systems, fleet-management solutions and other private fleet applications, which are part of the industry's key offerings. Pandemic-Led Disruptions a Headwind: The industry players are reeling under the impact of the coronavirus pandemic-induced macroeconomic woes. The supply-chain challenges due to the ongoing pandemic severely impacted these companies. Production delays remain a major concern too. Moreover, the COVID-led supply crisis's panoptic impact is wreaking havoc on new bookings of the industry players. In addition, the pandemic-led labor shortages are continuously impacting the production capacity of electronic companies. The companies are struggling to meet the rising demand due to the reopening of economies, thanks to worker absenteeism and short-term shutdowns. Zacks Industry Rank Indicates Bright Prospects The Zacks Electronics – Testing Equipment industry is housed within the broader Zacks Computer and Technology sector. It carries a Zacks Industry Rank #106, which places it in the top 42% of more than 250 Zacks industries. The group's Zacks Industry Rank, basically the average of the Zacks Rank of all the member stocks, indicates weak near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Before we present a few stocks worth considering for your portfolio, let's look at the industry's recent stock-market performance and the valuation picture. Industry Outperforms S&P 500 & Sector The Zacks Electronics – Testing Equipment Industry has outperformed the Zacks S&P 500 composite and surpassed the broader Zacks Computer and Technology sector over the past year. The companies in the industry have collectively gained 9.6% compared with the S&P 500 and the broader sector's decline of 6.8% and 14.3%, respectively. Industry's Current Valuation On the basis of the forward 12-month price-to-earnings ratio (P/E), a commonly used multiple for valuing the Electronics – Testing Equipment stocks, the industry is currently trading at 26.14X, higher than the S&P 500's 18.71X and the sector's 22.91X. Over the past five years, the industry has traded as high as 31.87X and as low as 18.87X, with a median of 23.78X. 3 Testing Equipment Stocks to Keep a Close Eye On Agilent Technologies: This Palo Alto, CA-based entity is gaining from solid momentum across both small and large molecule applications, which is strengthening its presence in the pharmaceutical market. Strength in Cell Analysis, Liquid Chromatography and Mass Spectrometry platforms remains a tailwind. The Zacks Rank #2 (Buy) player, an original equipment manufacturer of a broad-based portfolio of test and measurement products serving multiple end markets, is experiencing strong momentum across chemical and energy, food and environmental and forensics markets. A's solid execution of its cross-lab strategy and a consistent focus on aligning investments with more attractive growth avenues and innovative high-margin product launches are a positive. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Shares of Agilent have gained 12.3% in the past year. The Zacks Consensus Estimate for fiscal 2023 earnings has been stable at $5.64 per share over the past 30 days. AMETEK: This Berwyn, PA-based player is gaining on solid contributions from the Magnetrol International and Crank Software acquisitions, which are driving growth in its Electronic Instruments segment. Benefits from the Pacific Design Technologies buyout are aiding the Electromechanical segment. Further, the rising demand for precision motion control solutions remains a major tailwind. AME, a manufacturer of electronic appliances and electromechanical devices, remains optimistic about its AMETEK Growth Model. This Zacks #2 Ranked player's proper execution of its four core growth strategies, namely operational excellence,global marketexpansion, investments in product development and acquisitions, are expected to aid its finances in the near term. The stock has gained 12.7% in the past year. The Zacks Consensus Estimate for AME's 2023 earnings has been revised 0.7% upward over the past 30 days to $5.89 per share. Fortive: This Everett, WA-based entity is benefiting from the strong demand trends for software and hardware offerings and their increased orders. A solid momentum across the Fortive Business System tools remains a key catalyst. Another positive is strengthening momentum across Intelligent Operating Solutions, Precision Technologies and Advanced Healthcare Solutions. The Zacks Rank #3 (Hold) player, a provider of industrial technology and professional instrumentation solutions, has been gaining from its strategic acquisitions for a while. FTV's ServiceChannel takeover is helping it penetrate the facility and asset lifecycle market rapidly. Also, the buyout of Provation is boosting Fortive's healthcare segment. The stock has gained 7.7% in the past year. The Zacks Consensus Estimate for Fortive's 2023 earnings has been stable at $3.35 per share over the past 30 days. Why Haven't You Looked at Zacks' Top Stocks? Since 2000, our top stock-picking strategies have blown away the S&P's +6.2 average gain per year. Amazingly, they soared with average gains of +46.4%, +49.5% and +55.2% per year. Today you can access their live picks without cost or obligation. See Stocks Free >> Join us on Facebook: https://www.facebook.com/ZacksInvestmentResearch/ Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates. Media Contact Zacks Investment Research 800-767-3771 ext. 9339 support@zacks.com https://www.zacks.com Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release. Just Released: Zacks Top 10 Stocks for 2023 In addition to the investment ideas discussed above, would you like to know about our 10 top picks for 2023? From inception in 2012 through November, the Zacks Top 10 Stocks portfolio has tripled the market, gaining an impressive +884.5% versus the S&P 500’s +287.4%. Our Director of Research has now combed through 4,000 companies covered by the Zacks Rank and handpicked the best 10 tickers to buy and hold in 2023. Don’t miss your chance to still be among the first to get in on these just-released stocks. See New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report AMETEK, Inc. (AME) : Free Stock Analysis Report Fortive Corporation (FTV) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The industry players are continuously making technological advancements to gain traction from the manufacturers of semiconductors, vehicles, machinery, smartphones and medical devices, who are constantly increasing their spending on electronic components. 3 Testing Equipment Stocks to Keep a Close Eye On Agilent Technologies: This Palo Alto, CA-based entity is gaining from solid momentum across both small and large molecule applications, which is strengthening its presence in the pharmaceutical market. This Zacks #2 Ranked player's proper execution of its four core growth strategies, namely operational excellence,global marketexpansion, investments in product development and acquisitions, are expected to aid its finances in the near term.

Industry Description The Zacks Electronics – Testing Equipment industry comprises companies offering advanced instruments, electronic testing equipment solutions, thermal management systems, electrical connectors, motors and various test solutions. Solid Adoption of Motion Control & Test Systems a Positive: The rising utilization of precision motion-control solutions and automatic test systems in motion-control devices and testing products, particularly in the aerospace, automation, medical and military markets, is a boon. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report AMETEK, Inc. (AME) : Free Stock Analysis Report Fortive Corporation (FTV) : Free Stock Analysis Report To read this article on Zacks.com click here.

Industry Description The Zacks Electronics – Testing Equipment industry comprises companies offering advanced instruments, electronic testing equipment solutions, thermal management systems, electrical connectors, motors and various test solutions. Zacks Industry Rank Indicates Bright Prospects The Zacks Electronics – Testing Equipment industry is housed within the broader Zacks Computer and Technology sector. Industry Outperforms S&P 500 & Sector The Zacks Electronics – Testing Equipment Industry has outperformed the Zacks S&P 500 composite and surpassed the broader Zacks Computer and Technology sector over the past year.

The stock has gained 12.7% in the past year. The stock has gained 7.7% in the past year. See New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?

225.0

2023-02-17 00:00:00 UTC

Applied Materials (AMAT) Q1 Earnings & Sales Beat, Rise Y/Y

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https://www.nasdaq.com/articles/applied-materials-amat-q1-earnings-sales-beat-rise-y-y-0

Applied Materials Inc. AMAT reported first-quarter fiscal 2023 non-GAAP earnings of $2.03 per share, surpassing the Zacks Consensus Estimate by 5.2%. Further, the figure improved 7% from the year-ago fiscal quarter’s reported figure. Net sales of $6.74 billion climbed 7% from the year-ago fiscal quarter’s level and surpassed the Zacks Consensus Estimate of $6.69 billion. Top line growth was driven by the strong performance of the Semiconductor Systems and Applied Global Services segments. AMAT witnessed solid growth in geographies, namely the United States, Europe, Taiwan, Korea and Southeast Asia, which was another positive. However, Applied Materials continued to witness sluggishness in its Display segment. Also, it faced weakening momentum in China and Japan. Further, negative impacts of U.S. trade regulations remained overhangs. Coming to the price performance, Applied Materials has lost 17% over a year compared with the industry’s decline of 3.4%. Nevertheless, the company’s robust portfolio of differentiated products, expanding service business and growing momentum among leading customers at key technology inflections are likely to instill investors’ optimism in the stock in the days ahead. Applied Materials, Inc. Price, Consensus and EPS Surprise Applied Materials, Inc. price-consensus-eps-surprise-chart | Applied Materials, Inc. Quote Segments in Detail Semiconductor Systems generated sales worth $5.2 billion, which contributed 77% to its net sales, reflecting a 13% increase from the year-ago fiscal quarter’s reading. Strength in ICAPS drove the top line growth within the segment. Applied Global Services reported sales of $1.4 billion (20% of net sales), up 4% from the prior-year fiscal quarter’s reported number. Sales from Display and Adjacent Markets were $167 million (3% of net sales), down 54% from the year-ago fiscal quarter’s reported level. Revenues by Geography The United States, Europe, Japan, Korea, Taiwan, Southeast Asia and China generated sales of $1.05 billion, $573 million, $456 million, $1.3 billion, $1.97 billion, $253 million and $1.14 billion each, contributing 16%, 8%, 7%, 19%, 29%, 4% and 17% to net sales, respectively. Sales in the United States, Europe, Korea, Taiwan and Southeast Asia increased 24.1%, 103.9%, 15.3%, 57.6% and 12.4%, respectively, from the respective year-ago fiscal quarter’s readings. Sales in Japan and China fell 18.7% and 42.4%, respectively, from the year-ago quarter’s corresponding levels. Operating Results The non-GAAP gross margin was 46%, contracting 50 basis points (bps) from the year-ago fiscal quarter’s figure. Operating expenses were $1.2 billion, up 19.5% from the year-ago fiscal quarter’s level. As a percentage of sales, the figure expanded 170 bps from the year-earlier fiscal quarter’s level to 17.4%. The non-GAAP operating margin of 29.5% for the reported quarter contracted 220 bps from the prior-year fiscal period’s actuals. Balance Sheet & Cash Flow As of Jan 29, 2023, cash and cash equivalent balances and short-term investments were $4.05 billion, up from $2.6 billion as of Oct 30, 2022. Inventories were $6.05 billion in first-quarter fiscal 2023 compared with $5.9 billion in fourth-quarter fiscal 2022. Accounts receivables decreased to $5.4 billion in the reported quarter from $6.1 billion in the previous fiscal quarter. Long-term debt was $5.458 billion at the end of the reported quarter compared with $5.457 billion at the end of the previous fiscal quarter. Applied Materials generated a cash flow of $2.3 billion, up from $857 million in the prior fiscal quarter. AMAT returned $470 million to its shareholders, of which share repurchases were worth $250 million and dividend payments amounted to $220 million. Guidance For second-quarter fiscal 2023, Applied Materials expects net sales of $6.4 billion (+/-$400 million). The Zacks Consensus Estimate for the same is pegged at $6.12 billion. Management expects the ongoing supply chain challenges to prevail in the fiscal second quarter. The top-line guidance also includes a headwind of $250 million associated with a cybersecurity event announced by one of AMAT’s suppliers. AMAT anticipates Semiconductor Systems, AGS and Display revenues to be $4.84 billion, $1.34 billion and $160 million, respectively. Management expects non-GAAP earnings per share in the band of $1.66-$2.02 per share. The Zacks Consensus Estimate for the same is pegged at $1.70. Applied Materials expects a non-GAAP gross margin of 46.5% and non-GAAP operating expenses of $1.16 billion. It projects a non-GAAP tax rate of 12.5%. Zacks Rank & Stocks to Considerrista Networks Currently, Applied Materials carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader Zacks Computer & Technology sector are Agilent Technologies A, Arista Network ANET and Garmin GRMN, all of which carry a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here. Agilent has gained 8.4% in the past year. A’s long-term earnings growth rate is currently projected at 10%. Arista Networks has gained 6.1% in the past year. The long-term earnings growth rate for ANET is currently projected at 17.5%. Garmin has lost 24.6% in the past year. The long-term earnings growth rate for GRMN is currently projected at 5.6%. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Garmin Ltd. (GRMN) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Applied Materials, Inc. (AMAT) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Applied Materials Inc. AMAT reported first-quarter fiscal 2023 non-GAAP earnings of $2.03 per share, surpassing the Zacks Consensus Estimate by 5.2%. AMAT witnessed solid growth in geographies, namely the United States, Europe, Taiwan, Korea and Southeast Asia, which was another positive. Nevertheless, the company’s robust portfolio of differentiated products, expanding service business and growing momentum among leading customers at key technology inflections are likely to instill investors’ optimism in the stock in the days ahead.

Applied Materials, Inc. Price, Consensus and EPS Surprise Applied Materials, Inc. price-consensus-eps-surprise-chart | Applied Materials, Inc. Quote Segments in Detail Semiconductor Systems generated sales worth $5.2 billion, which contributed 77% to its net sales, reflecting a 13% increase from the year-ago fiscal quarter’s reading. Revenues by Geography The United States, Europe, Japan, Korea, Taiwan, Southeast Asia and China generated sales of $1.05 billion, $573 million, $456 million, $1.3 billion, $1.97 billion, $253 million and $1.14 billion each, contributing 16%, 8%, 7%, 19%, 29%, 4% and 17% to net sales, respectively. Click to get this free report Garmin Ltd. (GRMN) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Applied Materials, Inc. (AMAT) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

Applied Materials, Inc. Price, Consensus and EPS Surprise Applied Materials, Inc. price-consensus-eps-surprise-chart | Applied Materials, Inc. Quote Segments in Detail Semiconductor Systems generated sales worth $5.2 billion, which contributed 77% to its net sales, reflecting a 13% increase from the year-ago fiscal quarter’s reading. Revenues by Geography The United States, Europe, Japan, Korea, Taiwan, Southeast Asia and China generated sales of $1.05 billion, $573 million, $456 million, $1.3 billion, $1.97 billion, $253 million and $1.14 billion each, contributing 16%, 8%, 7%, 19%, 29%, 4% and 17% to net sales, respectively. Click to get this free report Garmin Ltd. (GRMN) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Applied Materials, Inc. (AMAT) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

Applied Materials Inc. AMAT reported first-quarter fiscal 2023 non-GAAP earnings of $2.03 per share, surpassing the Zacks Consensus Estimate by 5.2%. Net sales of $6.74 billion climbed 7% from the year-ago fiscal quarter’s level and surpassed the Zacks Consensus Estimate of $6.69 billion. Applied Materials generated a cash flow of $2.3 billion, up from $857 million in the prior fiscal quarter.

226.0

2023-02-17 00:00:00 UTC

3 Testing Equipment Stocks With Bright Prospects to Watch

A

https://www.nasdaq.com/articles/3-testing-equipment-stocks-with-bright-prospects-to-watch

The Zacks Electronics – Testing Equipment industry has been benefiting from 5G-related growth opportunities, strengthening automation drive and the Industry 4.0 momentum for a while. A strong recovery in the automotive sector, the growing proliferation of self-driving vehicles and solid prospects of the Advanced Driver Assistance System (ADAS) are a tailwind to the industry players. The increasing adoption of software-enabled testing instruments and devices remains another positive. Industry participants like Agilent Technologies A, AMETEK AME and Fortive FTV are well-poised to benefit from the aforesaid factors. However, widening supply-chain challenges, end-market volatility, inflationary pressures and growing geo-political tensions remain a concern for the underlined industry. Industry Description The Zacks Electronics – Testing Equipment industry comprises companies offering advanced instruments, electronic testing equipment solutions, thermal management systems, electrical connectors, motors and various test solutions. The major end markets this particular industry serves are consumer, automobile, industrial, aerospace & defense, healthcare, semiconductors and communications. The industry players are continuously making technological advancements to gain traction from the manufacturers of semiconductors, vehicles, machinery, smartphones and medical devices, who are constantly increasing their spending on electronic components. 3 Trends Shaping the Future of Electronics - Testing Equipment Industry 5G Prospects Are Key Catalysts: The growing deployment of 5G holds near-term promises for the industry players. Another major positive is an uptick in demand for the 5G test solutions, which are required for 5G deployment. The current coronavirus-triggered work-from-home and learn-from-home waves, steadily bolstering demand for high-speed Internet services globally, bode well for the electronic companies that are enhancing their 5G efforts. The increasing number of high-speed data centers worldwide is another tailwind. Given this upbeat scenario, the industry is anticipated to remain on the growth trajectory, backed by strong efforts to solidify the 5G strength. Solid Adoption of Motion Control & Test Systems a Positive: The rising utilization of precision motion-control solutions and automatic test systems in motion-control devices and testing products, particularly in the aerospace, automation, medical and military markets, is a boon. Commercial motor vehicles will likely continue buoying demand for vehicle-tracking systems, fleet-management solutions and other private fleet applications, which are part of the industry’s key offerings. Pandemic-Led Disruptions a Headwind: The industry players are reeling under the impact of the coronavirus pandemic-induced macroeconomic woes. The supply-chain challenges due to the ongoing pandemic severely impacted these companies. Production delays remain a major concern too. Moreover, the COVID-led supply crisis’s panoptic impact is wreaking havoc on new bookings of the industry players. In addition, the pandemic-led labor shortages are continuously impacting the production capacity of electronic companies. The companies are struggling to meet the rising demand due to the reopening of economies, thanks to worker absenteeism and short-term shutdowns. Zacks Industry Rank Indicates Bright Prospects The Zacks Electronics – Testing Equipment industry is housed within the broader Zacks Computer and Technology sector. It carries a Zacks Industry Rank #106, which places it in the top 42% of more than 250 Zacks industries. The group’s Zacks Industry Rank, basically the average of the Zacks Rank of all the member stocks, indicates weak near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Before we present a few stocks worth considering for your portfolio, let’s look at the industry’s recent stock-market performance and the valuation picture. Industry Outperforms S&P 500 & Sector The Zacks Electronics – Testing Equipment Industry has outperformed the Zacks S&P 500 composite and surpassed the broader Zacks Computer and Technology sector over the past year. The companies in the industry have collectively gained 9.6% compared with the S&P 500 and the broader sector’s decline of 6.8% and 14.3%, respectively. One-Year Price Performance Industry's Current Valuation On the basis of the forward 12-month price-to-earnings ratio (P/E), a commonly used multiple for valuing the Electronics – Testing Equipment stocks, the industry is currently trading at 26.14X, higher than the S&P 500’s 18.71X and the sector’s 22.91X. Over the past five years, the industry has traded as high as 31.87X and as low as 18.87X, with a median of 23.78X as the chart below shows. Price/Earnings Ratio (F12M) 3 Testing Equipment Stocks to Keep a Close Eye on Agilent Technologies: This Palo Alto, CA-based entity is gaining from solid momentum across both small and large molecule applications, which is strengthening its presence in the pharmaceutical market. Strength in Cell Analysis, Liquid Chromatography and Mass Spectrometry platforms remains a tailwind. The Zacks Rank #2 (Buy) player, an original equipment manufacturer of a broad-based portfolio of test and measurement products serving multiple end markets, is experiencing strong momentum across chemical and energy, food and environmental and forensics markets. A’s solid execution of its cross-lab strategy and a consistent focus on aligning investments with more attractive growth avenues and innovative high-margin product launches are a positive. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Shares of Agilent have gained 12.3% in the past year. The Zacks Consensus Estimate for fiscal 2023 earnings has been stable at $5.64 per share over the past 30 days. Price and Consensus: A AMETEK: This Berwyn, PA-based player is gaining on solid contributions from the Magnetrol International and Crank Software acquisitions, which are driving growth in its Electronic Instruments segment. Benefits from the Pacific Design Technologies buyout are aiding the Electromechanical segment. Further, the rising demand for precision motion control solutions remains a major tailwind. AME, a manufacturer of electronic appliances and electromechanical devices, remains optimistic about its AMETEK Growth Model. This Zacks #2 Ranked player’s proper execution of its four core growth strategies, namely operational excellence,global marketexpansion, investments in product development and acquisitions, are expected to aid its finances in the near term. The stock has gained 12.7% in the past year. The Zacks Consensus Estimate for AME’s 2023 earnings has been revised 0.7% upward over the past 30 days to $5.89 per share. Price and Consensus: AME Fortive: This Everett, WA-based entity is benefiting from the strong demand trends for software and hardware offerings and their increased orders. A solid momentum across the Fortive Business System tools remains a key catalyst. Another positive is strengthening momentum across Intelligent Operating Solutions, Precision Technologies and Advanced Healthcare Solutions. The Zacks Rank #3 (Hold) player, a provider of industrial technology and professional instrumentation solutions, has been gaining from its strategic acquisitions for a while. FTV’s ServiceChannel takeover is helping it penetrate the facility and asset lifecycle market rapidly. Also, the buyout of Provation is boosting Fortive’s healthcare segment. The stock has gained 7.7% in the past year. The Zacks Consensus Estimate for Fortive’s 2023 earnings has been stable at $3.35 per share over the past 30 days. Price and Consensus: FTV Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report AMETEK, Inc. (AME) : Free Stock Analysis Report Fortive Corporation (FTV) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The industry players are continuously making technological advancements to gain traction from the manufacturers of semiconductors, vehicles, machinery, smartphones and medical devices, who are constantly increasing their spending on electronic components. 3 Testing Equipment Stocks to Keep a Close Eye on Agilent Technologies: This Palo Alto, CA-based entity is gaining from solid momentum across both small and large molecule applications, which is strengthening its presence in the pharmaceutical market. This Zacks #2 Ranked player’s proper execution of its four core growth strategies, namely operational excellence,global marketexpansion, investments in product development and acquisitions, are expected to aid its finances in the near term.

Industry Description The Zacks Electronics – Testing Equipment industry comprises companies offering advanced instruments, electronic testing equipment solutions, thermal management systems, electrical connectors, motors and various test solutions. Solid Adoption of Motion Control & Test Systems a Positive: The rising utilization of precision motion-control solutions and automatic test systems in motion-control devices and testing products, particularly in the aerospace, automation, medical and military markets, is a boon. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report AMETEK, Inc. (AME) : Free Stock Analysis Report Fortive Corporation (FTV) : Free Stock Analysis Report To read this article on Zacks.com click here.

Industry Description The Zacks Electronics – Testing Equipment industry comprises companies offering advanced instruments, electronic testing equipment solutions, thermal management systems, electrical connectors, motors and various test solutions. Zacks Industry Rank Indicates Bright Prospects The Zacks Electronics – Testing Equipment industry is housed within the broader Zacks Computer and Technology sector. Industry Outperforms S&P 500 & Sector The Zacks Electronics – Testing Equipment Industry has outperformed the Zacks S&P 500 composite and surpassed the broader Zacks Computer and Technology sector over the past year.

Further, the rising demand for precision motion control solutions remains a major tailwind. The stock has gained 12.7% in the past year. The stock has gained 7.7% in the past year.

227.0

2023-02-16 00:00:00 UTC

Airbnb (ABNB) Q4 Earnings & Revenues Beat Mark, Increase Y/Y

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https://www.nasdaq.com/articles/airbnb-abnb-q4-earnings-revenues-beat-mark-increase-y-y

Airbnb ABNB reported earnings of 48 cents per share for fourth-quarter 2022, which beat the Zacks Consensus Estimate by 77.8%. The figure significantly jumped from earnings of 8 cents per share reported in the year-ago quarter. Revenues of $1.9 billion increased 24% on a reported basis and 31% on FX neutral basis, respectively, year over year. The top line also surpassed the Zacks Consensus Estimate of $1.87 billion. The year-over-year increase was driven by a continuous improvement in Nights and Experiences Booked. Also, growth in Average Daily Rates and Gross Booking Value (GBV) remained a tailwind. Growing gross nights booked owing to solid momentum across high-density urban areas, remained a positive. Increasing guest demand and a continuous recovery in cross-border travel aided the quarterly performance. Quarterly Details Nights and Experiences Booked were 88.2 million, increasing 20% on a year-over-year basis. The metric was driven by strong performances in all regions, especially Asia Pacific. GBV amounted to $13.5 billion, which rose 20% from the prior-year quarter’s reported figure. GBV per Night and Experience Booked (or Average Daily Rates) was $152.8, down 1% year over year. In terms of trip length, the category of long-term stays of 28 days or more which accounted for 21% of overall gross nights booked, remained a positive. Further, 46% of gross nights booked came from stays of at least seven nights. In the reported quarter, gross nights booked in high-density urban areas represented 51% of overall gross nights booked. Cross-border travel for the fourth quarter accounted for 44% of total gross nights booked, downfrom 49% in the same quarter last year. Airbnb, Inc. Price, Consensus and EPS Surprise Airbnb, Inc. price-consensus-eps-surprise-chart | Airbnb, Inc. Quote Operating Results Adjusted EBITDA was $506 million, up 52% from prior-year quarter’s level. Operations and support costs, product development expenses, and general and administrative expenses were $260 million, $397 million and $256 million, increased 15.5%, 7.9% and 17.9%, respectively, year over year. Sales and marketing expenses rose 16.9% from the year-ago quarter’s figure to $409 million. For the fourth quarter, Airbnb reported operating income of $235 million, significantly up from $76 million reported in the prior-year quarter. Balance Sheet & Cash Flow As of Dec 31, 2022, cash and cash equivalents, and marketable securities amounted to $9.62 billion compared with $9.63 billion as of Sep 30, 2022. Long-term debt as of Dec 31, 2022, was $1.987 billion compared with $1.986 billion as of Sep 30, 2022. Net cash provided by operating activities was $463 million for the fourth quarter of 2022, down from $966 million in the prior quarter. Airbnb generated a free cash flow of $455 million in the reported quarter. Guidance For first-quarter 2023, Airbnb expects revenues between $1.75 billion and $1.82 billion, implying year-over-year growth in the band of 16-21% on a reported basis and 18-23% on FX neutral basis, respectively. The Zacks Consensus Estimate is pegged at $1.73 billion. ABNB anticipates the year-over-year growth of Nights and Experiences Booked to be strong like that in fourth-quarter 2022. Adjusted EBITDA is expected to be slightly down compared with year-ago quarter’s figure. Zacks Rank & Other Stocks to Consider Currently, Airbnb has a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader Zacks Computer & Technology sector are Agilent Technologies A, Arista Networks ANET and Garmin GRMN, all carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Agilent has gained 8.4% in the past year. A’s long-term earnings growth rate is currently projected at 10%. Arista Networks has gained 6.1% in the past year. The long-term earnings growth rate for ANET is currently projected at 17.5%. Garmin has lost 24.6% in the past year. The long-term earnings growth rate for GRMN is currently projected at 5.6%. Infrastructure Stock Boom to Sweep America A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Garmin Ltd. (GRMN) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report Airbnb, Inc. (ABNB) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In terms of trip length, the category of long-term stays of 28 days or more which accounted for 21% of overall gross nights booked, remained a positive. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.

In the reported quarter, gross nights booked in high-density urban areas represented 51% of overall gross nights booked. For the fourth quarter, Airbnb reported operating income of $235 million, significantly up from $76 million reported in the prior-year quarter. Click to get this free report Garmin Ltd. (GRMN) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report Airbnb, Inc. (ABNB) : Free Stock Analysis Report To read this article on Zacks.com click here.

In the reported quarter, gross nights booked in high-density urban areas represented 51% of overall gross nights booked. For the fourth quarter, Airbnb reported operating income of $235 million, significantly up from $76 million reported in the prior-year quarter. Click to get this free report Garmin Ltd. (GRMN) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report Airbnb, Inc. (ABNB) : Free Stock Analysis Report To read this article on Zacks.com click here.

Airbnb ABNB reported earnings of 48 cents per share for fourth-quarter 2022, which beat the Zacks Consensus Estimate by 77.8%. GBV per Night and Experience Booked (or Average Daily Rates) was $152.8, down 1% year over year. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?

228.0

2023-02-16 00:00:00 UTC

The 3 Most Overlooked Stocks to Buy Now

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https://www.nasdaq.com/articles/the-3-most-overlooked-stocks-to-buy-now

InvestorPlace - Stock Market News, Stock Advice & Trading Tips The stock market bloodbath is finally starting to subside. And, with inflation finally cooling off, it is time to look for some of the top most overlooked stocks. All after delirious market turmoil sent several stocks significantly lower, creating an ideal opportunity to grab them at a discount. In fact, here are the three most overlooked stocks investors may want to consider buying now. CAT Caterpillar $247.36 CVX Chevron $168.20 A Agilent Technologies $148.98 Caterpillar (CAT) Source: Epic Cure / Shutterstock One of the most overlooked stocks is Caterpillar (NYSE:CAT). The manufacturer of industrial equipment is a global leader in the mining and construction industry. With more than 300 products in its kitty, CAT stock is here to stay. Like most other stocks, 2022 was a year to forget. However, CAT did end 2022 on a good note and is inching closer to its 52-week high of $266. The stock is currently exchanging hands for $248 and is up 25% over the past six months. In addition, with a dividend yield of over 2%, CAT stock is highly undervalued and one you should grab right away. It is expected that the stock will pick pace due to the Infrastructure Investment and Jobs Act where $1.2 trillion will be spent on infrastructure projects. The amount will be invested in refurbishing bridges, roads, water pipes, ports as well as power grid while also focusing on moving towards green energy. The company also reported fourth-quarter results. While it did miss EPS estimates, revenue jumped 20% to $16.6 billion. It also returned $6.7 billion to the shareholders through dividends and share repurchases. Better, the company has reported year-over-year growth in revenue and earnings for six straight quarters and this has helped it offset the impact of supply chain issues. It is expected that the demand for commodities will continue to rise due to the energy transition trend and this will lead to high demand for the company. Chevron (CVX) Source: shutterstock.com/CC7 Next up on the list of the most oversold stocks is Chevron (NYSE:CVX). The oil giant gained 25% over the past year and is trading at $169 today. The sustained global crude oil price growth has led to massive success for the company. Investors who own CVX stock have been able to enjoy massive returns over the past two years. The stock was trading as low as $59 in March 2020 and it picked up in Sept. 2021. Better, Chevron recently reported fourth-quarter results and reported earnings of $35.5 billion for the year, an increase from $15.6 billion year over year. Its adjusted earnings stood at $18.8 per share. While it missed the EPS for the quarter by $0.20, it did meet the revenue expectations for the quarter and reported quarterly revenue of $56.47. The earnings miss had an impact on the stock but the dip could be a good opportunity to make your move. It is expected that the company could invest in another oil and gas company very soon. With the push from record cash flows, the company increased its dividend by 6% and it continues to maintain a strong position in the industry while growing the top and bottom lines and rewarding shareholders. Agilent Technologies (A) Source: Zurijeta / Shutterstock.com Finally, Agilent Technologies (NYSE:A) is another one of the overlooked stocks to consider. The company has various platforms for laboratories as well as routine diagnostics markets. Despite the market turmoil, the stock is up 12% over the past year and 14% in the past six months. It could continue to soar further in the coming months. It is trading at $149,42 today and could hit $160 very soon. While not a household name, the company has a track record of shareholder value creation and it managed to beat expectations for the last four quarters. In the fourth quarter, the revenue stood at $1.85 billion and the EPS of $1.53 was better than the projection of $1.39. For this year, the company expects revenue in the range of $6.90 billion to $7 billion and EPS in the range of $5.61 to $5.69. In the first quarter, it expects to report a revenue ranging between $1.68 billion to $1.70 billion and an EPS expected in the range of $1.29 to $1.31. Agilent Technologies is scheduled to report the first quarter results on February 28. If the company manages to beat expectations, A stock could pick pace. Wells Fargo analyst Timothy Daley has an Overweight rating for A stock with a price target of $170. The company has a dividend yield of 0.59% and its recent dividend was 0.22. A highly overlooked stock right now, Agilent Technologies is also a dividend grower and is ready for massive growth in 2023. On the date of publication, Vandita Jadeja did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines. Vandita Jadeja is a CPA and a freelance financial copywriter who loves to read and write about stocks. She believes in buying and holding for long term gains. Her knowledge of words and numbers helps her write clear stock analysis. The post The 3 Most Overlooked Stocks to Buy Now appeared first on InvestorPlace. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The amount will be invested in refurbishing bridges, roads, water pipes, ports as well as power grid while also focusing on moving towards green energy. Better, the company has reported year-over-year growth in revenue and earnings for six straight quarters and this has helped it offset the impact of supply chain issues. With the push from record cash flows, the company increased its dividend by 6% and it continues to maintain a strong position in the industry while growing the top and bottom lines and rewarding shareholders.

CAT Caterpillar $247.36 CVX Chevron $168.20 A Agilent Technologies $148.98 Caterpillar (CAT) Source: Epic Cure / Shutterstock One of the most overlooked stocks is Caterpillar (NYSE:CAT). Better, Chevron recently reported fourth-quarter results and reported earnings of $35.5 billion for the year, an increase from $15.6 billion year over year. Agilent Technologies (A) Source: Zurijeta / Shutterstock.com Finally, Agilent Technologies (NYSE:A) is another one of the overlooked stocks to consider.

InvestorPlace - Stock Market News, Stock Advice & Trading Tips The stock market bloodbath is finally starting to subside. CAT Caterpillar $247.36 CVX Chevron $168.20 A Agilent Technologies $148.98 Caterpillar (CAT) Source: Epic Cure / Shutterstock One of the most overlooked stocks is Caterpillar (NYSE:CAT). Better, Chevron recently reported fourth-quarter results and reported earnings of $35.5 billion for the year, an increase from $15.6 billion year over year.

Better, Chevron recently reported fourth-quarter results and reported earnings of $35.5 billion for the year, an increase from $15.6 billion year over year. It is expected that the company could invest in another oil and gas company very soon. Despite the market turmoil, the stock is up 12% over the past year and 14% in the past six months.

229.0

2023-02-16 00:00:00 UTC

TripAdvisor (TRIP) Q4 Earnings & Revenues Beat, Rise Y/Y

A

https://www.nasdaq.com/articles/tripadvisor-trip-q4-earnings-revenues-beat-rise-y-y

TripAdvisor TRIP reported non-GAAP fourth-quarter 2022 earnings of 16 cents per share, beating the Zacks Consensus Estimate of 5 cents. The bottom line compares favorably with the year-ago quarter’s loss of 1 cent per share. Revenues of $354 million rose 47% year over year and surpassed the Zacks Consensus Estimate of $344 million. Top-line growth was driven by rising demand for travel industry-related services. Strong momentum across Tripadvisor Core and Viator contributed well to top-line growth. The well-performing TheFork segment benefited the company. However, adverse foreign currency fluctuations and macroeconomic headwinds affected the quarterly performance. TripAdvisor, Inc. Price, Consensus and EPS Surprise TripAdvisor, Inc. price-consensus-eps-surprise-chart | TripAdvisor, Inc. Quote Quarterly Details TripAdvisor reports revenues under three segments: Tripadvisor Core, Viator and TheFork. Tripadvisor Core: Revenues summed $217 million (accounting for 61.3% of revenues), up 34% year over year. Revenues from Tripadvisor-branded hotels, including hotel auction and B2B subscription offerings, increased 36% from the prior-year quarter’s level to $140 million. Tripadvisor-branded display and platform revenues jumped 14% year over year to $33 million. Revenues from Tripadvisor experiences and dining were $34 million, increased 70% year over year. Other revenues, consisting of rentals, flights, cars and cruise revenues, remained flat with the prior-year quarter’s figure of $10 million. Viator: Revenues totaled $127 million (35.9% of the top line). The figure skyrocketed 115% from the year-ago quarter. TheFork: Revenues were $33 million (9.3% of revenues), increasing 10% year over year. Operating Results TripAdvisor’s selling and marketing costs increased 54% year over year to $194 million. General and administrative costs were up 26.1% from the year-ago quarter’s level to $58 million. Technology and content costs of $60 million increased 17.6% on a year-over-year basis. TRIP reported an operating loss of $13 million in the fourth quarter compared with the $28-million loss reported in the prior-year quarter. In the reported quarter, the total adjusted EBITDA margin was 12%, flat on a year-over-year basis. Balance Sheet & Cash Flow As of Dec 31, 2022, cash and cash equivalents were $1.02 billion, down from $1.07 billion as of Sep 30, 2022. Long-term debt of $836 million remained flat with the previous quarter’s figure. Cash used in operations was $40 million against $60 million of cash generated from operations in the prior quarter. Additionally, free cash flow was an outflow of $55 million in the fourth quarter. Zacks Rank & Stocks to Consider Currently, TripAdvisor carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader Zacks Computer & Technology sector are Agilent Technologies A, Arista Networks ANET and Garmin GRMN, all carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Agilent has gained 8.4% in the past year. A’s long-term earnings growth rate is projected at 10%. Arista Networks has gained 6.1% in the past year. The long-term earnings growth rate for ANET is projected at 17.5%. Garmin has lost 24.6% in the past year. The long-term earnings growth rate for GRMN is projected at 5.6%. Infrastructure Stock Boom to Sweep America A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Garmin Ltd. (GRMN) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report TripAdvisor, Inc. (TRIP) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?

TripAdvisor, Inc. Price, Consensus and EPS Surprise TripAdvisor, Inc. price-consensus-eps-surprise-chart | TripAdvisor, Inc. Quote Quarterly Details TripAdvisor reports revenues under three segments: Tripadvisor Core, Viator and TheFork. Some better-ranked stocks in the broader Zacks Computer & Technology sector are Agilent Technologies A, Arista Networks ANET and Garmin GRMN, all carrying a Zacks Rank #2 (Buy) at present. Click to get this free report Garmin Ltd. (GRMN) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report TripAdvisor, Inc. (TRIP) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

Revenues of $354 million rose 47% year over year and surpassed the Zacks Consensus Estimate of $344 million. TripAdvisor, Inc. Price, Consensus and EPS Surprise TripAdvisor, Inc. price-consensus-eps-surprise-chart | TripAdvisor, Inc. Quote Quarterly Details TripAdvisor reports revenues under three segments: Tripadvisor Core, Viator and TheFork. Click to get this free report Garmin Ltd. (GRMN) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report TripAdvisor, Inc. (TRIP) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

TheFork: Revenues were $33 million (9.3% of revenues), increasing 10% year over year. Operating Results TripAdvisor’s selling and marketing costs increased 54% year over year to $194 million. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?

230.0

2023-02-16 00:00:00 UTC

WESCO (WCC) Q4 Earnings Beat Estimates, Sales Increase Y/Y

A

https://www.nasdaq.com/articles/wesco-wcc-q4-earnings-beat-estimates-sales-increase-y-y

WESCO International, Inc. WCC reported fourth-quarter 2022 adjusted earnings of $4.13 per share, reflecting year-over-year growth of 30%. Also, the bottom line surpassed the Zacks Consensus Estimate by 8.4%. Quarterly net sales of $5.56 billion rose 14.6% year over year and beat the Zacks Consensus Estimate of $5.37 billion. The top-line growth was driven by strong demand environment, solid execution of cross-sell program and improving supply-chain condition. Further, strong performance across all business units contributed well. Top-Line Details WESCO operates under three business units, namely Electrical & Electronic Solutions (EES), Communications & Security Solutions (CSS) and Utility & Broadband Solutions (UBS). EES (39% of net sales): Sales in the segment were $2.2 billion, up 8.7% from the year-ago period’s level. This was driven by solid momentum across WESCO’s non-residential construction business, owing to rising investments in electrification and renewables. Further, strength across industrial business and original equipment manufacturers driven by growing momentum among automation, petrochem, and metals and mining, was a positive. CSS (32% of net sales): Sales in the segment were $1.8 billion, up 16.4% from the year-ago period’s level. This was attributed to the well-performing network infrastructure business and strong momentum among multinational customers for professional A/V projects and in-building wireless applications. UBS (29% of net sales): Sales in the segment were $1.6 billion, up 21.2% from the year-ago period’s number. This was driven by solid connectivity demand and rural broadband expansion, resulting in growth in the broadband communication business. Further, growing investments in electrification, green energy and grid modernization contributed well. WESCO International, Inc. Price, Consensus and EPS Surprise WESCO International, Inc. price-consensus-eps-surprise-chart | WESCO International, Inc. Quote Operating Details The gross margin expanded 110 basis points (bps) from the year-ago period’s level to 21.9%. Selling, general and administrative expenses were $793.1 million, up 8.1% from the year-ago quarter’s reading. As a percentage of net sales, the figure contracted 80 bps year over year to 14.1%. Adjusted operating margin was 7.1%, which expanded 150 bps from the prior-year quarter’s reading. Balance Sheet & Cash Flow As of Dec 31, 2022, cash and cash equivalents were $527.4 million, up from $234.1 million as of Sep 30, 2022. Long-term debt was $5.3 billion at the fourth-quarter end compared with $5.2 billion in the prior quarter. The company generated $422 million of cash from operations against $106.1 million of cash used in operations in the previous quarter. For the fourth quarter, WESCO reported a free cash flow of $399 million. Guidance For 2023, management expects sales growth in the band of 6-9% on a reported basis. Adjusted EBITDA margin is anticipated between 8.1% and 8.4%. Adjusted earnings per share is projected in the range of $16.80-$18.30. The Zacks Consensus Estimate for earnings is pegged at $16.74. Also, free cash flow is expected in the band of $600-$800 million. Zacks Rank & Stocks to Consider Currently, WESCO has a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader Zacks Computer & Technology sector are Agilent Technologies A, Arista Networks ANET and Garmin GRMN, all carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Agilent has gained 8.4% in the past year. A’s long-term earnings growth rate is currently projected at 10%. Arista Networks has gained 6.1% in the past year. The long-term earnings growth rate for ANET is currently projected at 17.5%. Garmin has lost 24.6% in the past year. The long-term earnings growth rate for GRMN is currently projected at 5.6%. Infrastructure Stock Boom to Sweep America A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Garmin Ltd. (GRMN) : Free Stock Analysis Report WESCO International, Inc. (WCC) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Further, strength across industrial business and original equipment manufacturers driven by growing momentum among automation, petrochem, and metals and mining, was a positive. This was attributed to the well-performing network infrastructure business and strong momentum among multinational customers for professional A/V projects and in-building wireless applications. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.

Top-Line Details WESCO operates under three business units, namely Electrical & Electronic Solutions (EES), Communications & Security Solutions (CSS) and Utility & Broadband Solutions (UBS). WESCO International, Inc. Price, Consensus and EPS Surprise WESCO International, Inc. price-consensus-eps-surprise-chart | WESCO International, Inc. Quote Operating Details The gross margin expanded 110 basis points (bps) from the year-ago period’s level to 21.9%. Click to get this free report Garmin Ltd. (GRMN) : Free Stock Analysis Report WESCO International, Inc. (WCC) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

Quarterly net sales of $5.56 billion rose 14.6% year over year and beat the Zacks Consensus Estimate of $5.37 billion. WESCO International, Inc. Price, Consensus and EPS Surprise WESCO International, Inc. price-consensus-eps-surprise-chart | WESCO International, Inc. Quote Operating Details The gross margin expanded 110 basis points (bps) from the year-ago period’s level to 21.9%. Click to get this free report Garmin Ltd. (GRMN) : Free Stock Analysis Report WESCO International, Inc. (WCC) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

Quarterly net sales of $5.56 billion rose 14.6% year over year and beat the Zacks Consensus Estimate of $5.37 billion. This was driven by solid momentum across WESCO’s non-residential construction business, owing to rising investments in electrification and renewables. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> Want the latest recommendations from Zacks Investment Research?

231.0

2023-02-15 00:00:00 UTC

Waters (WAT) Q4 Earnings Surpass Estimates, Sales Rise Y/Y

A

https://www.nasdaq.com/articles/waters-wat-q4-earnings-surpass-estimates-sales-rise-y-y

Waters Corporation WAT reported fourth-quarter 2022 non-GAAP earnings of $3.84 per share, which surpassed the Zacks Consensus Estimate by 2.7%. Further, the bottom line increased 4.6% on a year-over-year basis. The figure includes an 8% unfavorable foreign exchange headwind. Net sales of $858.5 million beat the Zacks Consensus Estimate of $831.3 million. The figure rose 3% and 9% on a reported and constant-currency basis, respectively, from the comparable year-ago quarter’s readings. The top-line growth was driven by solid momentum across the industrial end market. Strong performances in the Americas contributed well. Strength across the Waters and TA segments was a positive. Waters Corporation Price, Consensus and EPS Surprise Waters Corporation price-consensus-eps-surprise-chart | Waters Corporation Quote Top Line in Detail Waters’ net sales figure can be categorized in four ways: By Operating Segment: WAT operates under two organized segments, namely Waters and TA. The Waters segment (88% of net sales) generated sales worth $754.75 million, up 2% from the year-ago quarter’s level. Sales in the TA segment were $103.76 million (12% of net sales), reflecting 10% year-over-year growth. By Products & Services: The division comprises three segments, namely Instruments, Services and Chemistry. Instruments sales (54% of sales) were $463.04 million, rising 5% on a year-over-year basis. Service sales (30% of sales) were $255.7 million, decreasing 0.3% year over year. Chemistry sales (16% of sales) were $139.74 million, growing 1% from the year-ago quarter’s level. Moreover, the service and chemistry segments jointly generated recurring revenues of $395.5 million, increasing 0.1% from the year-ago quarter’s reported figure. By Markets: Waters serves three end markets, such as Pharmaceutical, Industrial and Governmental & Academic. The Pharmaceutical market (58% of net sales) generated sales of $492.76 million, which increased 0.2% on a year-over-year basis. The Industrial market’s (31% of sales) sales were $267.9 million, up 8% from the year-ago quarter’s level. Academic & Government (11% of sales) generated $97.8 million of the total sales. The figure increased 1% year over year. By Geography: Waters’ operating regions include Asia, the Americas and Europe. Asia (37% of net sales) generated $319.5 million in sales, down 1% on a year-over-year basis. Sales in China fell 6% from the prior-year quarter’s level. The Americas (34% of net sales) generated $293.12 million in sales, increasing 8% year over year. Sales in the United States increased 11% year over year. Europe (29% of net sales) generated $245.93 million in sales, up 1% from the prior-year quarter’s level. Operating Details In the fourth quarter, non-GAAP selling and administrative expenses were $172.9 million, up 2.1% from the year-ago quarter’s level. As a percentage of net sales, the figure expanded by 30 basis points (bps) on a year-over-year basis. Research and development spending was $48.3 million, up 11.4% from the year-ago period’s reported figure. As a percentage of net sales, the figure expanded by 40 bps year over year. The adjusted operating margin was 33.7%, which expanded by 110 bps year over year. Balance Sheet & Cash Flow As of Dec 31, 2022, cash, cash equivalents and investments were $481.4 million, up from $444.5 million as of Oct 1, 2022. Accounts receivables stood at $722.9 million at the end of the fourth quarter, up from $600.9 million in the last reported quarter. Waters generated cash from operations of $198.7 million in the reported quarter, up from $158.1 million in the prior quarter. WAT recorded a free cash flow of $144.6 million in the fourth quarter. Guidance For first-quarter 2023, Waters expects non-GAAP earnings of $2.55-$2.65 per share, which includes a foreign exchange headwind of 6%. The Zacks Consensus Estimate for earnings is pegged at $2.70 per share. Waters anticipates net sales growth of 4-6% on a constant-currency basis. WAT expects sales growth to decline 4% due to unfavorable foreign exchange fluctuations. The Zacks Consensus Estimate for sales is pegged at $683.8 million. For 2023, Waters anticipates non-GAAP earnings in the band of $12.55-$12.75 per share. This includes a foreign exchange headwind of 3%. The Zacks Consensus Estimate for 2022 earnings is pegged at $12.74 per share. Waters expects 2023 net sales growth of 5-6.5% on a constant-currency basis. The Zacks Consensus Estimate for sales is pegged at $3.05 billion. Zacks Rank & Stocks to Consider Currently, Water has a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader Zacks Computer & Technology sector are Agilent Technologies A, Arista Networks ANET and Garmin GRMN, all of which carry a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here. Agilent has gained 8.4% in the past year. A’s long-term earnings growth rate is currently projected at 10%. Arista Networks has gained 6.1% in the past year. The long-term earnings growth rate for ANET is currently projected at 17.5%. Garmin has lost 24.6% in the past year. The long-term earnings growth rate for GRMN is currently projected at 5.6%. Free Report Reveals How You Could Profit from the Growing Electric Vehicle Industry Globally, electric car sales continue their remarkable growth even after breaking records in 2021. High gas prices have fueled his demand, but so has evolving EV comfort, features and technology. So, the fervor for EVs will be around long after gas prices normalize. Not only are manufacturers seeing record-high profits, but producers of EV-related technology are raking in the dough as well. Do you know how to cash in? If not, we have the perfect report for you – and it’s FREE! Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation. >>Send me my free report on the top 5 EV stocks Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Garmin Ltd. (GRMN) : Free Stock Analysis Report Waters Corporation (WAT) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Waters Corporation WAT reported fourth-quarter 2022 non-GAAP earnings of $3.84 per share, which surpassed the Zacks Consensus Estimate by 2.7%. Moreover, the service and chemistry segments jointly generated recurring revenues of $395.5 million, increasing 0.1% from the year-ago quarter’s reported figure. Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation.

Waters Corporation Price, Consensus and EPS Surprise Waters Corporation price-consensus-eps-surprise-chart | Waters Corporation Quote Top Line in Detail Waters’ net sales figure can be categorized in four ways: The Americas (34% of net sales) generated $293.12 million in sales, increasing 8% year over year. Click to get this free report Garmin Ltd. (GRMN) : Free Stock Analysis Report Waters Corporation (WAT) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

The Waters segment (88% of net sales) generated sales worth $754.75 million, up 2% from the year-ago quarter’s level. The Americas (34% of net sales) generated $293.12 million in sales, increasing 8% year over year. Click to get this free report Garmin Ltd. (GRMN) : Free Stock Analysis Report Waters Corporation (WAT) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

Sales in the TA segment were $103.76 million (12% of net sales), reflecting 10% year-over-year growth. The Americas (34% of net sales) generated $293.12 million in sales, increasing 8% year over year. Waters generated cash from operations of $198.7 million in the reported quarter, up from $158.1 million in the prior quarter.

232.0

2023-02-15 00:00:00 UTC

GoDaddy (GDDY) Q4 Earnings Meet Estimates, Revenues Rise Y/Y

A

https://www.nasdaq.com/articles/godaddy-gddy-q4-earnings-meet-estimates-revenues-rise-y-y

GoDaddy Inc.’s GDDY fourth-quarter 2022 earnings of 62 cents per share were in line with the Zacks Consensus Estimate. The bottom line also jumped 19.2% year over year. GDDY generated revenues of $1.039 billion, which lagged the Zacks Consensus Estimate of $1.042 billion. Revenues were up 2% and 3.6% year over year on a reported basis and a constant-currency (CC) basis, respectively. Revenue growth was driven by strong momentum across the Applications & Commerce business. Growing demand for GoDaddy Payments remained positive. The company's expanding global footprints contributed well. However, sluggishness across the Core Platform remained a major concern. GoDaddy Inc. Price, Consensus and EPS Surprise GoDaddy Inc. price-consensus-eps-surprise-chart | GoDaddy Inc. Quote Quarter in Detail GoDaddy has two revenue pillars, namely Applications & Commerce, and Core Platform. Applications & Commerce, comprised of Websites + Marketing, Managed WordPress, productivity applications, and payments & commerce, generated $333.4 million (accounting for 32.1% of the total revenues), up 10.9% on a year-over-year basis. Expanding OmniCommerce suit and meeting the strong demand for domain-based email attachments contributed well. Core Platform, consisting of domains, aftermarket, hosting and security, fell 1.7% from the prior-year quarter’s level to $706.5 million (accounting for 67.9% of total revenues). Nevertheless, growing renewals and registrations, robust GoDaddy Registry, and an expanding aftermarket remained positives. For the reported quarter, Applications & Commerce annualized recurring revenues (ARR) were $1.3 billion, increasing 9% year over year. Also, core platform ARR climbed 1% from the prior-year quarter’s level to $2.3 billion. In the fourth quarter, international revenues were $340.8 million, up 3% year over year or 7.8% at CC. Total bookings of $1.05 billion increased 0.1% year over year or 2.2% on CC basis. Average revenue per user was $197, up 9.7% year over year. Total ARR stood at $3.57 billion, up 4% from the prior-year quarter. GoDaddy’s gross merchandise volume and gross payments volume were $28 billion and $760 million, respectively, up 10% and 198% year over year. This was attributed to robust commerce offerings. Operating Results On a non-GAAP basis, normalized EBITDA for the reported quarter was $266 million, up 4.7% year over year. Operating expenses (technology and development, marketing and advertising, customer care, and general and administrative) of $475.1 million increased 4.1% year over year. As a percentage of revenues, operating expenses expanded 90 basis points (bps) to 45.7% from the year-ago quarter. For the reported quarter, operating income was $134.9 million, up 8.1% year over year. As a percentage of revenues, operating income expanded by 70 bps from the year-ago quarter’s level to 12.9%. Balance Sheet & Cash Flow As of Dec 31, 2022, cash and cash equivalents were $774 million compared with $826.2 million as of Sep 30, 2022. Accounts and other receivables were $60.1 million compared with $64 million in the prior quarter. GoDaddy reported total debt of $3.9 billion and net debt of $3.1 billion in the previous quarter. Total debt was $3.9 billion and net debt was $3.07 billion in the previous quarter. Net cash provided by operating activities was $208 million in the reported quarter compared with the prior quarter’s figure of $269.9 million. Additionally, unlevered free cash flow was $238.2 million for the reported quarter. Guidance For first-quarter 2023, management expects revenues of $1.03-$1.05 billion, indicating growth of 4% at the mid-point from the year-ago quarter’s actuals. The Zacks Consensus Estimate for revenues is pegged at $1.05 billion. For the first quarter, GDDY expects applications and commerce revenues to grow 8-10% year over year. The core platform revenues are anticipated to grow 1-3% from the year-ago quarter. The normalized EBITDA margin is expected to be 24-25%. For 2023, management expects total revenues of $4.250-$4.325 billion, suggesting growth of 5% at the mid-point from the year-ago actuals. The Zacks Consensus Estimate for 2023 revenues is pegged at $4.33 billion. For 2023, GDDY expects revenue growth of applications and commerce, and the core platform of 8-10% and 2-4%, respectively. The normalized EBITDA margin for the full year is projected at 26%. For 2023, management expects unlevered free cash flow above $1.2 billion. Management expects to repurchase shares worth $1 billion. Zacks Rank & Stocks to Consider Currently, GoDaddy has a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader Zacks Computer & Technology sector are Agilent Technologies A, Arista Networks ANET and Garmin GRMN, all of which carry a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Agilent has gained 8.4% in the past year. A’s long-term earnings growth rate is projected at 10%. Arista Networks has gained 6.1% in the past year. The long-term earnings growth rate for ANET is projected at 17.5%. Garmin has lost 24.6% in the past year. The long-term earnings growth rate for GRMN is projected at 5.6%. Free Report Reveals How You Could Profit from the Growing Electric Vehicle Industry Globally, electric car sales continue their remarkable growth even after breaking records in 2021. High gas prices have fueled his demand, but so has evolving EV comfort, features and technology. So, the fervor for EVs will be around long after gas prices normalize. Not only are manufacturers seeing record-high profits, but producers of EV-related technology are raking in the dough as well. Do you know how to cash in? If not, we have the perfect report for you – and it’s FREE! Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation. >>Send me my free report on the top 5 EV stocks Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Garmin Ltd. (GRMN) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report GoDaddy Inc. (GDDY) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Core Platform, consisting of domains, aftermarket, hosting and security, fell 1.7% from the prior-year quarter’s level to $706.5 million (accounting for 67.9% of total revenues). Guidance For first-quarter 2023, management expects revenues of $1.03-$1.05 billion, indicating growth of 4% at the mid-point from the year-ago quarter’s actuals. Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation.

Applications & Commerce, comprised of Websites + Marketing, Managed WordPress, productivity applications, and payments & commerce, generated $333.4 million (accounting for 32.1% of the total revenues), up 10.9% on a year-over-year basis. For the reported quarter, Applications & Commerce annualized recurring revenues (ARR) were $1.3 billion, increasing 9% year over year. Click to get this free report Garmin Ltd. (GRMN) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report GoDaddy Inc. (GDDY) : Free Stock Analysis Report To read this article on Zacks.com click here.

For the reported quarter, Applications & Commerce annualized recurring revenues (ARR) were $1.3 billion, increasing 9% year over year. For the first quarter, GDDY expects applications and commerce revenues to grow 8-10% year over year. Click to get this free report Garmin Ltd. (GRMN) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report GoDaddy Inc. (GDDY) : Free Stock Analysis Report To read this article on Zacks.com click here.

For the reported quarter, operating income was $134.9 million, up 8.1% year over year. For the first quarter, GDDY expects applications and commerce revenues to grow 8-10% year over year. For 2023, GDDY expects revenue growth of applications and commerce, and the core platform of 8-10% and 2-4%, respectively.

233.0

2023-02-14 00:00:00 UTC

Agilent Technologies (A) Dips More Than Broader Markets: What You Should Know

A

https://www.nasdaq.com/articles/agilent-technologies-a-dips-more-than-broader-markets%3A-what-you-should-know-1

In the latest trading session, Agilent Technologies (A) closed at $153.04, marking a -1.01% move from the previous day. This move lagged the S&P 500's daily loss of 0.03%. Elsewhere, the Dow lost 0.46%, while the tech-heavy Nasdaq added 3.16%. Coming into today, shares of the scientific instrument maker had lost 1.48% in the past month. In that same time, the Computer and Technology sector gained 8.43%, while the S&P 500 gained 3.6%. Investors will be hoping for strength from Agilent Technologies as it approaches its next earnings release, which is expected to be February 28, 2023. On that day, Agilent Technologies is projected to report earnings of $1.31 per share, which would represent year-over-year growth of 8.26%. Our most recent consensus estimate is calling for quarterly revenue of $1.69 billion, up 1.08% from the year-ago period. Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.64 per share and revenue of $6.95 billion. These totals would mark changes of +8.05% and +1.56%, respectively, from last year. Investors should also note any recent changes to analyst estimates for Agilent Technologies. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system. The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Agilent Technologies currently has a Zacks Rank of #2 (Buy). Looking at its valuation, Agilent Technologies is holding a Forward P/E ratio of 27.39. This represents a no noticeable deviation compared to its industry's average Forward P/E of 27.39. It is also worth noting that A currently has a PEG ratio of 2.74. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. A's industry had an average PEG ratio of 2.78 as of yesterday's close. The Electronics - Testing Equipment industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 172, putting it in the bottom 32% of all 250+ industries. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions. Is THIS the Ultimate New Clean Energy Source? (4 Ways to Profit) The world is increasingly focused on eliminating fossil fuels and ramping up use of renewable, clean energy sources. Hydrogen fuel cells, powered by the most abundant substance in the universe, could provide an unlimited amount of ultra-clean energy for multiple industries. Our urgent special report reveals 4 hydrogen stocks primed for big gains - plus our other top clean energy stocks. See Stocks Now Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.64 per share and revenue of $6.95 billion. (4 Ways to Profit) The world is increasingly focused on eliminating fossil fuels and ramping up use of renewable, clean energy sources. Hydrogen fuel cells, powered by the most abundant substance in the universe, could provide an unlimited amount of ultra-clean energy for multiple industries.

In the latest trading session, Agilent Technologies (A) closed at $153.04, marking a -1.01% move from the previous day. Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.64 per share and revenue of $6.95 billion. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.64 per share and revenue of $6.95 billion. This group has a Zacks Industry Rank of 172, putting it in the bottom 32% of all 250+ industries. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups.

In the latest trading session, Agilent Technologies (A) closed at $153.04, marking a -1.01% move from the previous day. Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.64 per share and revenue of $6.95 billion. Our urgent special report reveals 4 hydrogen stocks primed for big gains - plus our other top clean energy stocks.

234.0

2023-02-14 00:00:00 UTC

Teradata (TDC) Q4 Earnings & Revenues Beat Estimates, Fall Y/Y

A

https://www.nasdaq.com/articles/teradata-tdc-q4-earnings-revenues-beat-estimates-fall-y-y

Teradata TDC reported fourth-quarter 2022 non-GAAP earnings of 35 cents per share, beating the Zacks Consensus Estimate by 12.9%. However, the bottom line decreased 38.6% from the year-ago quarter’s figure. Revenues of $452 million surpassed the Zacks Consensus Estimate of $422.7 million. The figure decreased 5% year over year on a reported basis, while remaining flat on a constant-currency (cc) basis. The decline in the top line was attributed to decreasing recurring, perpetual and consulting revenues. Total annual recurring revenues (ARR) at the fourth quarter-end decreased 1% year over year to $1.48 billion. The figure increased 2% on a cc basis. Public cloud ARR surged 77% on a reported basis and 81% at cc year over year to $357 million. Growth was driven by solid customer demand for the company’s differentiated platform. Analog Devices, Inc. Price, Consensus and EPS Surprise Analog Devices, Inc. price-consensus-eps-surprise-chart | Analog Devices, Inc. Quote Top Line in Detail Recurring revenues (accounting for 79% of revenues) decreased 2% year over year on a reported basis (increased 3% at cc) to $357 million. Perpetual software license and hardware revenues (4% of revenues) were down 11% year over year (down 4% at cc) to $17 million. Consulting services’ revenues (17% of revenues) declined 15% from the year-ago level (down 7% at cc) to $78 million. Revenues from the Americas were flat year over year on a reported basis (increased 1% at cc) at $257 million. Europe, Middle East & Africa revenues fell 5% from the year-ago figure (up 3% at cc) to $128 million. Revenues from the Asia Pacific and Japan were down 18% from the year-ago level (down 6% at cc) to $67 million. Operating Details The gross margin on a non-GAAP basis was 59.5%, contracting 370 basis points (bps) year over year. Selling, general & administrative (SG&A) expenses increased 2.9% year over year to $175 million. Research & development (R&D) expenses were $77 million, increasing 4.1% from the year-ago quarter. As a percentage of revenues, SG&A expanded 290 bps year over year to 38.7%, whereas R&D expanded 140 bps to 17%. The non-GAAP operating margin was 13.7%, contracting 520 bps from the year-ago quarter’s level. Balance Sheet As of Dec 31, 2022, Teradata had cash and cash equivalents of $569 million compared with $506 million as of Sept 30, 2022. Total debt (including current portion) as of Dec 31, 2022, was $565 million compared with $564 million as of Sept 30, 2022. In the fourth quarter, Teradata generated $129 million in cash from operating activities compared with the previous quarter’s $34 million. Further, the company generated a free cash flow of $120 million in the reported quarter. Guidance For first-quarter 2023, non-GAAP earnings are expected between 60 cents and 64 cents per share. The Zacks Consensus Estimate for earnings is pegged at 62 cents per share. For 2023, non-GAAP earnings are expected between $1.90 and $2.06 per share. The Zacks Consensus Estimate for earnings is pegged at $1.82 per share. Public cloud ARR is projected to increase 53-57% on a year-over-year basis. Total ARR is expected to exhibit growth of 6-8% from that reported in 2022. Teradata expects recurring revenues to increase 4-7% year over year. TDC projects total revenues to be up 1-4% from that reported a year ago. Cash flow from operations is expected to be $345-$385 million, whereas the free cash flow is projected to be $320-$360 million. Zacks Rank & Stocks to Consider Currently, Teradata has a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader Zacks Computer & Technology sector are Agilent Technologies A, Arista Networks ANET and Garmin GRMN, all carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Agilent has gained 8.4% in the past year. A’s long-term earnings growth rate is projected at 10%. Arista Networks has gained 6.1% in the past year. The long-term earnings growth rate for ANET is projected at 17.5%. Garmin has lost 24.6% in the past year. The long-term earnings growth rate for GRMN is projected at 5.6%. Is THIS the Ultimate New Clean Energy Source? (4 Ways to Profit) The world is increasingly focused on eliminating fossil fuels and ramping up use of renewable, clean energy sources. Hydrogen fuel cells, powered by the most abundant substance in the universe, could provide an unlimited amount of ultra-clean energy for multiple industries. Our urgent special report reveals 4 hydrogen stocks primed for big gains - plus our other top clean energy stocks. See Stocks Now Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Garmin Ltd. (GRMN) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Teradata Corporation (TDC) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Teradata TDC reported fourth-quarter 2022 non-GAAP earnings of 35 cents per share, beating the Zacks Consensus Estimate by 12.9%. (4 Ways to Profit) The world is increasingly focused on eliminating fossil fuels and ramping up use of renewable, clean energy sources. Hydrogen fuel cells, powered by the most abundant substance in the universe, could provide an unlimited amount of ultra-clean energy for multiple industries.

Analog Devices, Inc. Price, Consensus and EPS Surprise Analog Devices, Inc. price-consensus-eps-surprise-chart | Analog Devices, Inc. Quote Top Line in Detail Recurring revenues (accounting for 79% of revenues) decreased 2% year over year on a reported basis (increased 3% at cc) to $357 million. Some better-ranked stocks in the broader Zacks Computer & Technology sector are Agilent Technologies A, Arista Networks ANET and Garmin GRMN, all carrying a Zacks Rank #2 (Buy) at present. Click to get this free report Garmin Ltd. (GRMN) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Teradata Corporation (TDC) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

Analog Devices, Inc. Price, Consensus and EPS Surprise Analog Devices, Inc. price-consensus-eps-surprise-chart | Analog Devices, Inc. Quote Top Line in Detail Recurring revenues (accounting for 79% of revenues) decreased 2% year over year on a reported basis (increased 3% at cc) to $357 million. Revenues from the Americas were flat year over year on a reported basis (increased 1% at cc) at $257 million. Click to get this free report Garmin Ltd. (GRMN) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Teradata Corporation (TDC) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

Revenues from the Americas were flat year over year on a reported basis (increased 1% at cc) at $257 million. Teradata expects recurring revenues to increase 4-7% year over year. Our urgent special report reveals 4 hydrogen stocks primed for big gains - plus our other top clean energy stocks.

235.0

2023-02-13 00:00:00 UTC

Mettler-Toledo (MTD) Q4 Earnings & Sales Beat, Increase Y/Y

A

https://www.nasdaq.com/articles/mettler-toledo-mtd-q4-earnings-sales-beat-increase-y-y-0

Mettler-Toledo International, Inc. MTD reported fourth-quarter 2022 adjusted earnings of $12.10 per share, which beat the Zacks Consensus Estimate by 4.04%. The bottom line also improved by 15% on a year-over-year basis. Net sales of $1.06 billion were up 2% on a reported basis and 9% on a currency-neutral basis from the year-ago quarter’s respective readings. The figure surpassed the Zacks Consensus Estimate of $1.03 billion. Solid momentum across the Laboratory, Industrial and Food Retail segments in the reported quarter drove the top line. The strong performance delivered across the Americas, Europe and Asia/Rest of the World contributed well. We believe portfolio strength, cost-cutting efforts, margin and productivity initiatives and robust sales and marketing strategies are expected to remain tailwinds for the company. Mettler-Toledo International, Inc. Price, Consensus and EPS Surprise Mettler-Toledo International, Inc. price-consensus-eps-surprise-chart | Mettler-Toledo International, Inc. Quote Top Line in Detail By Segments: MTD reports revenues under three segments, namely Laboratory Instruments, Industrial Instruments and Food Retail, which accounted for 58%, 38% and 4% of net sales in the fourth quarter, respectively. The Laboratory, Industrial and Food Retail segments witnessed year-over-year improvements of 10%, 6% and 12%, respectively, in the quarter under review. By Geography: Total sales from the Americas, Europe and Asia/Rest of the World contributed 40%, 28% and 32% to net sales in the fourth quarter, respectively. Sales in the Americas, Europe and Asia/Rest of the World went up 8%, 9% and 9%, respectively, on a year-over-year basis. Operating Results The gross margin was 59.8%, expanding 130 basis points (bps) year over year. Research & development (R&D) expenses were $45.9 million, up 0.7% from the year-ago quarter’s tally. Selling, general & administrative (SG&A) expenses decreased 6.1% year over year to $227.6 million. As a percentage of sales, R&D expenses contracted by 10 bps year over year to 4.3%. SG&A expenses contracted 190 bps year over year to 21.5%. The adjusted operating margin was 33.9%, which expanded 310 bps from the prior-year quarter’s level. Balance Sheet & Cash Flow As of Dec 31, 2022, Mettler-Toledo’s cash and cash equivalent balance was $95.97 million, down from $122.1 million as of Sep 30, 2022. Long-term debt was $1.908 billion at the end of the fourth quarter compared with $1.825 billion at the end of the third quarter. Mettler-Toledo generated $303.6 million in cash from operating activities in the reported quarter, up from $245.4 million in the previous quarter. Free cash flow was $272.8 million in the reported quarter. Guidance For first-quarter 2023, Mettler-Toledo projects sales growth of 6% in local currency from the year-ago quarter’s reported figure. Adjusted first-quarter earnings are anticipated to be $8.55-$8.65 per share, implying a 9-10% rise from the year-ago quarter’s reported number, which includes a foreign-currency headwind of 6%. The Zacks Consensus Estimate for earnings is pegged at $8.58 per share. For 2023, Mettler-Toledo expects sales growth in local currency of 5% from the year-earlier tally. Mettler-Toledo anticipates 2023 adjusted earnings within $43.55-$43.95 per share, suggesting growth of 10-11% from the year-ago reported number. The Zacks Consensus Estimate for the same is pegged at $42.47. Zacks Rank & Other Stocks to Consider Currently, Mettler-Toledo has a Zacks Rank #2 (Buy). Some other top-ranked stocks in the broader Zacks Computer & Technology sector are Agilent Technologies A, Arista Networks ANET and Garmin GRMN, all of which carry the same rank as Mettler-Toledo at present. You can see the complete list of today’s Zacks #1 Rank stocks here Agilent has gained 8.4% in the past year. A’s long-term earnings growth rate is currently projected at 10%. Arista Networks has gained 6.1% in the past year. The long-term earnings growth rate for ANET is currently projected at 17.5%. Garmin has lost 24.6% in the past year. The long-term earnings growth rate for GRMN is currently projected at 5.6%. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock And 4 Runners Up Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Garmin Ltd. (GRMN) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Mettler-Toledo International, Inc. (MTD) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Mettler-Toledo International, Inc. MTD reported fourth-quarter 2022 adjusted earnings of $12.10 per share, which beat the Zacks Consensus Estimate by 4.04%. We believe portfolio strength, cost-cutting efforts, margin and productivity initiatives and robust sales and marketing strategies are expected to remain tailwinds for the company. Adjusted first-quarter earnings are anticipated to be $8.55-$8.65 per share, implying a 9-10% rise from the year-ago quarter’s reported number, which includes a foreign-currency headwind of 6%.

Mettler-Toledo International, Inc. Price, Consensus and EPS Surprise Mettler-Toledo International, Inc. price-consensus-eps-surprise-chart | Mettler-Toledo International, Inc. Quote Top Line in Detail By Segments: MTD reports revenues under three segments, namely Laboratory Instruments, Industrial Instruments and Food Retail, which accounted for 58%, 38% and 4% of net sales in the fourth quarter, respectively. Guidance For first-quarter 2023, Mettler-Toledo projects sales growth of 6% in local currency from the year-ago quarter’s reported figure. Click to get this free report Garmin Ltd. (GRMN) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Mettler-Toledo International, Inc. (MTD) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

Mettler-Toledo International, Inc. Price, Consensus and EPS Surprise Mettler-Toledo International, Inc. price-consensus-eps-surprise-chart | Mettler-Toledo International, Inc. Quote Top Line in Detail By Segments: MTD reports revenues under three segments, namely Laboratory Instruments, Industrial Instruments and Food Retail, which accounted for 58%, 38% and 4% of net sales in the fourth quarter, respectively. Mettler-Toledo generated $303.6 million in cash from operating activities in the reported quarter, up from $245.4 million in the previous quarter. Click to get this free report Garmin Ltd. (GRMN) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Mettler-Toledo International, Inc. (MTD) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

Research & development (R&D) expenses were $45.9 million, up 0.7% from the year-ago quarter’s tally. Guidance For first-quarter 2023, Mettler-Toledo projects sales growth of 6% in local currency from the year-ago quarter’s reported figure. The Zacks Consensus Estimate for earnings is pegged at $8.58 per share.

236.0

2023-02-10 00:00:00 UTC

Vishay (VSH) Q4 Earnings & Revenues Miss Estimates, Rise Y/Y

A

https://www.nasdaq.com/articles/vishay-vsh-q4-earnings-revenues-miss-estimates-rise-y-y

Vishay Intertechnology, Inc. VSH reported fourth-quarter 2022 adjusted earnings of 69 cents per share, which rose 11.3% year over year. However, the figure missed the Zacks Consensus Estimate by 11.5%. Revenues of $855.3 million increased 1.4% year over year. The figure came below the Zacks Consensus Estimate of $881 million. Top line growth was driven by a strong demand environment and an ongoing mega-electrification trend across the automotive and industrial end-markets. Vishay’s book-to-bill ratio was 0.94 at the end of the third quarter. Vishay Intertechnology, Inc. Price, Consensus and EPS Surprise Vishay Intertechnology, Inc. price-consensus-eps-surprise-chart | Vishay Intertechnology, Inc. Quote Operating Details In fourth-quarter 2022, the gross margin was 29.1%, expanding 180 basis points (bps) on a year-over-year basis. Selling, general and administrative expenses were $113.8 million, increasing 5.1% year over year. As a percentage of the total revenues, the figure expanded 50 bps from the year-ago quarter to 13.3%. The operating margin expanded 140 bps on a year-over-year basis to 15.8%. Balance Sheet & Cash Flows As of Dec 31, 2022, cash and cash equivalents were $610.8 million, down from $734.9 million as of Oct 1, 2022. Long-term debt was $500.9 million at the end of the fourth quarter of 2022 compared with $458.1 million at the end of the third quarter of 2022. The company generated $166.5 million in cash from operations in the reported quarter, down from $209.5 million in the previous quarter. In the fourth quarter, capital expenditures were $153.1 million. Also, free cash flow was $14.1 million. Vishay returned $42.4 million to its stockholders, of which $14.1 million was paid out as dividends and $28.3 million was stock repurchased Guidance For first-quarter 2023, Vishay expects total revenues of $825-$865 million. VSH anticipates a first-quarter gross margin of 28% (+/-50 bps). Zacks Rank & Stocks to Consider Vishay currently has a Zacks Rank #4 (Sell). Investors interested in the broader Zacks Computer & Technology sector can consider some better-ranked stocks like Agilent Technologies A, Arista Networks ANET and Endava DAVA, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Agilent Technologies is set to report its first-quarter fiscal 2023 results on Feb 28. The Zacks Consensus Estimate for Agilent’s earnings is pegged at $1.31 per share, suggesting an increase of 8.3% from the prior-year period’s reported figure. Agilent has gained 9% in the past year. Arista Networks is scheduled to release its fourth-quarter 2022 results on Feb 13. The Zacks Consensus Estimate for ANET’s earnings is pegged at $1.21 per share, suggesting an increase of 47.6% from the prior-year quarter’s reported figure. ANET has gained 7.4% in the past year. Endava is scheduled to release its second-quarter fiscal 2023 results on Feb 14. The Zacks Consensus Estimate for DAVA’s earnings is pegged at 68 cents per share, suggesting an increase of 7.9% from the prior-year quarter’s reported figure. DAVA has lost 18.5% in the past year. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Vishay Intertechnology, Inc. (VSH) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report Endava PLC Sponsored ADR (DAVA) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Top line growth was driven by a strong demand environment and an ongoing mega-electrification trend across the automotive and industrial end-markets. The Zacks Consensus Estimate for Agilent’s earnings is pegged at $1.31 per share, suggesting an increase of 8.3% from the prior-year period’s reported figure. The Zacks Consensus Estimate for DAVA’s earnings is pegged at 68 cents per share, suggesting an increase of 7.9% from the prior-year quarter’s reported figure.

Vishay Intertechnology, Inc. Price, Consensus and EPS Surprise Vishay Intertechnology, Inc. price-consensus-eps-surprise-chart | Vishay Intertechnology, Inc. Quote Operating Details In fourth-quarter 2022, the gross margin was 29.1%, expanding 180 basis points (bps) on a year-over-year basis. The Zacks Consensus Estimate for DAVA’s earnings is pegged at 68 cents per share, suggesting an increase of 7.9% from the prior-year quarter’s reported figure. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Vishay Intertechnology, Inc. (VSH) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report Endava PLC Sponsored ADR (DAVA) : Free Stock Analysis Report To read this article on Zacks.com click here.

Vishay returned $42.4 million to its stockholders, of which $14.1 million was paid out as dividends and $28.3 million was stock repurchased Guidance For first-quarter 2023, Vishay expects total revenues of $825-$865 million. The Zacks Consensus Estimate for DAVA’s earnings is pegged at 68 cents per share, suggesting an increase of 7.9% from the prior-year quarter’s reported figure. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Vishay Intertechnology, Inc. (VSH) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report Endava PLC Sponsored ADR (DAVA) : Free Stock Analysis Report To read this article on Zacks.com click here.

Vishay Intertechnology, Inc. VSH reported fourth-quarter 2022 adjusted earnings of 69 cents per share, which rose 11.3% year over year. Revenues of $855.3 million increased 1.4% year over year. The company generated $166.5 million in cash from operations in the reported quarter, down from $209.5 million in the previous quarter.

237.0

2023-02-10 00:00:00 UTC

PayPal (PYPL) Q4 Earnings Beat Estimates, Revenues Rise Y/Y

A

https://www.nasdaq.com/articles/paypal-pypl-q4-earnings-beat-estimates-revenues-rise-y-y

PayPal Holdings, Inc. PYPL reported non-GAAP earnings of $1.24 per share for fourth-quarter 2022, beating the Zacks Consensus Estimate by 3.3%. However, the figure improved 11.7% on a year-over-year basis. Net revenues of $7.38 billion exhibited year-over-year growth of 9% on an FX-neutral basis and 7% on a reported basis. The figure lagged the Zacks Consensus Estimate of $7.4 billion. Growing transactions and other value-added services’ revenues drove the top line year over year in the reported quarter. Also, accelerating U.S. and international revenues contributed well. PayPal Holdings, Inc. Price, Consensus and EPS Surprise PayPal Holdings, Inc. price-consensus-eps-surprise-chart | PayPal Holdings, Inc. Quote Top Line in Detail By Type: Transaction revenues amounted to $6.7 billion (91% of net revenues), up 5% from the year-ago quarter’s level. Other value-added services generated revenues of $681 million (accounting for 9% of net revenues), up 26% year over year. By Geography: Revenues from the United States totaled $4.3 billion (58% of net revenues), up 10% on a year-over-year basis. International revenues were $3.1 billion (42% of net revenues), up 2% from the prior-year quarter’s level. Key Metrics to Consider PayPal witnessed year-over-year growth of 2% in total active accounts, with 2.9 million net new active accounts added in the reported quarter. The total number of active accounts was 435 million in the quarter under review. The total number of payment transactions was 6.03 billion, up 13% on a year-over-year basis. PYPL’s payment transactions per active account were 51.4 million, which improved 13% from the year-ago quarter’s level. Total payment volume (TPV) amounted to $357.4 billion for the reported quarter, reflecting year-over-year growth of 5% on a spot rate basis and 9% on a currency-neutral basis. Year-over-year growth in TPV was primarily driven by Venmo, which accounted for $62.5 billion of TPV, rising 3% on a year-over-year basis. Operating Details PayPal’s operating expenses were $6.14 billion in the fourth quarter, up 4.6% from the prior-year quarter’s figure. As a percentage of net revenues, the figure contracted 170 basis points (bps) on a year-over-year basis. The non-GAAP operating margin was 22.9%, expanding 115 bps from the year-ago quarter’s level. Balance Sheet & Cash Flow As of Dec 31, 2022, cash equivalents and investments were $10.9 billion, up from $10.8 billion as of Sep 30, 2022. PayPal had a long-term debt balance of $10.4 billion at the end of the fourth quarter compared with $10.2 billion at the end of the third quarter. PYPL generated $1.6 billion cash from operations, down from $1.9 billion in the previous quarter. Free cash flow was $1.4 billion in the reported quarter, down from $1.8 billion in the prior quarter. PayPal returned $1 billion to its shareholders by repurchasing 12 million shares. Guidance For first-quarter 2023, PayPal projects year-over-year revenue growth of 7.5% on a spot rate basis and 9% on a currency-neutral basis. The Zacks Consensus Estimate for revenues is pegged at $6.9 billion. Non-GAAP earnings are expected to between $1.08 and $1.10 per share, suggesting a growth of 23-25% on a year-over-year basis. The Zacks Consensus Estimate for earnings is pegged at $1.03 per share. PayPal now projects 2023 non-GAAP earnings at $4.87 per share, suggesting a growth of 18% from the year-ago quarter. The Zacks Consensus Estimate for the same is pegged at $4.77 per share. Zacks Rank and Stocks to Consider Currently, PayPal carries a Zacks Rank #3 (Hold). Investors interested in the broader Zacks Computer & Technology sector can consider some better-ranked stocks like Agilent Technologies A, Arista Networks ANET and Endava DAVA, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Agilent Technologies is set to report its first-quarter fiscal 2023 results on Feb 28. The Zacks Consensus Estimate for Agilent’s earnings is pegged at $1.31 per share, suggesting an increase of 8.3% from the prior-year period’s reported figure. Agilent has gained 9% in the past year. Arista Networks is scheduled to release its fourth-quarter 2022 results on Feb 13. The Zacks Consensus Estimate for ANET’s earnings is pegged at $1.21 per share, suggesting an increase of 47.6% from the prior-year quarter’s reported figure. ANET has gained 7.4% in the past year. Endava is scheduled to release its second-quarter fiscal 2023 results on Feb 14. The Zacks Consensus Estimate for DAVA’s earnings is pegged at 68 cents per share, suggesting an increase of 7.9% from the prior-year quarter’s reported figure. DAVA has lost 18.5% in the past year. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report PayPal Holdings, Inc. (PYPL) : Free Stock Analysis Report Endava PLC Sponsored ADR (DAVA) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The Zacks Consensus Estimate for Agilent’s earnings is pegged at $1.31 per share, suggesting an increase of 8.3% from the prior-year period’s reported figure. The Zacks Consensus Estimate for ANET’s earnings is pegged at $1.21 per share, suggesting an increase of 47.6% from the prior-year quarter’s reported figure. The Zacks Consensus Estimate for DAVA’s earnings is pegged at 68 cents per share, suggesting an increase of 7.9% from the prior-year quarter’s reported figure.

PayPal Holdings, Inc. Price, Consensus and EPS Surprise PayPal Holdings, Inc. price-consensus-eps-surprise-chart | PayPal Holdings, Inc. Quote Top Line in Detail By Type: Transaction revenues amounted to $6.7 billion (91% of net revenues), up 5% from the year-ago quarter’s level. Total payment volume (TPV) amounted to $357.4 billion for the reported quarter, reflecting year-over-year growth of 5% on a spot rate basis and 9% on a currency-neutral basis. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report PayPal Holdings, Inc. (PYPL) : Free Stock Analysis Report Endava PLC Sponsored ADR (DAVA) : Free Stock Analysis Report To read this article on Zacks.com click here.

PayPal Holdings, Inc. Price, Consensus and EPS Surprise PayPal Holdings, Inc. price-consensus-eps-surprise-chart | PayPal Holdings, Inc. Quote Top Line in Detail By Type: Transaction revenues amounted to $6.7 billion (91% of net revenues), up 5% from the year-ago quarter’s level. The Zacks Consensus Estimate for ANET’s earnings is pegged at $1.21 per share, suggesting an increase of 47.6% from the prior-year quarter’s reported figure. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report PayPal Holdings, Inc. (PYPL) : Free Stock Analysis Report Endava PLC Sponsored ADR (DAVA) : Free Stock Analysis Report To read this article on Zacks.com click here.

PayPal Holdings, Inc. PYPL reported non-GAAP earnings of $1.24 per share for fourth-quarter 2022, beating the Zacks Consensus Estimate by 3.3%. Other value-added services generated revenues of $681 million (accounting for 9% of net revenues), up 26% year over year. Zacks Rank and Stocks to Consider Currently, PayPal carries a Zacks Rank #3 (Hold).

238.0

2023-02-10 00:00:00 UTC

Expedia (EXPE) Q4 Earnings & Revenues Beat Estimates, Rise Y/Y

A

https://www.nasdaq.com/articles/expedia-expe-q4-earnings-revenues-beat-estimates-rise-y-y

Expedia Group, Inc. EXPE reported adjusted earnings of $1.26 per share for fourth-quarter 2022, up 19% on a year-over-year basis. The figure missed the Zacks Consensus Estimate by 31.9%. Revenues of $2.62 billion rose 15% year over year. Further, the figure lagged the Zacks Consensus Estimate of $2.68 billion. Year-over-year revenue growth was driven by a strong performance across all the business lines, owing to solid travel demand during the reported quarter. However, Expedia bore the brunt of severe weather conditions during the reported quarter. Expedia’s gross bookings were $20.51 billion, which increased 17% year over year. Strong momentum in lodging and air bookings contributed well. Also, strength in ‘booked room nights’ and ‘stayed room nights’, which grew by 19% each, was a positive. We note that an uncertain macroeconomic environment is expected to prevail. Expedia has lost 40.4% compared with the industry’s decline of 30.2%. Nevertheless, EXPE’s growing efforts toward strengthening its products and technology offerings for customers remain noteworthy. Expedia Group, Inc. Price, Consensus and EPS Surprise Expedia Group, Inc. price-consensus-eps-surprise-chart | Expedia Group, Inc. Quote Revenues by Segment Retail: Expedia generated $1.87 billion of revenues (71.6% of the total revenues) from the segment, rising 8% year over year. B2B: The segment yielded revenues of $676 million (25.8% of the total revenues), up 41% from the year-ago quarter’s level. trivago: Revenues from the segment totaled $106 million (4% of the total revenues), up 7% year over year. Revenues by Business Model The Merchant model generated revenues of $1.72 billion (65.9% of the total revenues), up 17% year over year. Merchant’s gross bookings were $11.04 billion, up 21% from the prior-year quarter’s figure. The Agency division generated revenues of $685 million (26.2% of the total revenues), an improvement of 12% from the prior-year quarter’s tally. Agency’s gross bookings were $9.5 billion, up 14% year over year. Advertising & Media and Other generated $208 million of revenues (7.9% of the top line), increasing 10% from the year-ago quarter’s level. This can primarily be attributed to the strong performance of Expedia Media Solutions. Revenues by Geography Expedia generated $1.72 billion of revenues (65.6% of the total revenues) from U.S. points of sale, up 4% from the prior-year quarter’s level. Revenues generated by non-U.S. points of sale totaled $901 million (34.4% of the total revenues), up 44% on a year-over-year basis. Revenues by Product Line Lodging revenues were $2.01 billion, accounting for 77% of the total revenues. EXPE witnessed 18% growth in Lodging revenues owing to the solid momentum in stayed room nights, which grew 19%. Also, 19% growth in booked room nights contributed well. Air revenues were $93 million, representing 3% of the total revenues. EXPE witnessed a 44% rise in Air revenues, owing to a 47% growth in revenue per ticket and a 22% rise in airfare. Operating Details Adjusted EBITDA was $449 million in the reported quarter, down 6% from the year-ago quarter’s level. Adjusted selling and marketing expenses were $1.36 billion, up 32% year over year. As a percentage of revenues, the figure expanded 690 basis points (bps) year over year. Adjusted general and administrative expenses were $142 million, up 6% year over year. The figure contracted 50 bps year over year as a percentage of revenues. Adjusted technology and content expenses were $288 million, up 17% from the year-ago quarter’s level. The figure expanded 20 bps from the year-ago quarter’s figure as a percentage of revenues. EXPE reported a fourth-quarter operating income of $128 million, down 21% year over year. The operating margin contracted 220 bps year over year to 4.9% in the reported quarter. Balance Sheet & Cash Flow As of Dec 31, 2022, cash and cash equivalents were $4.1 billion, down from $4.6 billion as of Sep 30, 2022. Short-term investments were $48 million compared with $49 million at the end of the previous quarter. Long-term debt was $6.24 billion at the end of the fourth quarter compared with $6.23 billion at the end of the third quarter. Expedia used $182 million of cash in operations during the quarter under review, down from $997 million in the previous quarter. Free cash flow was $359 million in the fourth quarter. Zacks Rank & Other Stocks to Consider Currently, Expedia sports a Zacks Rank #1 (Strong Buy). Investors interested in the broader Zacks Computer & Technology sector can consider some better-ranked stocks like Agilent Technologies A, Arista Networks ANET and Endava DAVA, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here. Agilent Technologies is set to report its first-quarter fiscal 2023 results on Feb 28. The Zacks Consensus Estimate for Agilent’s earnings is pegged at $1.31 per share, suggesting an increase of 8.3% from the prior-year period’s reported figure. Agilent has gained 9% in the past year. Arista Networks is scheduled to release its fourth-quarter 2022 results on Feb 13. The Zacks Consensus Estimate for ANET’s earnings is pegged at $1.21 per share, suggesting an increase of 47.6% from the prior-year quarter’s reported figure. ANET has gained 7.4% in the past year. Endava is scheduled to release its second-quarter fiscal 2023 results on Feb 14. The Zacks Consensus Estimate for DAVA’s earnings is pegged at 68 cents per share, suggesting an increase of 7.9% from the prior-year quarter’s reported figure. DAVA has lost 18.5% in the past year. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Expedia Group, Inc. (EXPE) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report Endava PLC Sponsored ADR (DAVA) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Year-over-year revenue growth was driven by a strong performance across all the business lines, owing to solid travel demand during the reported quarter. The Zacks Consensus Estimate for Agilent’s earnings is pegged at $1.31 per share, suggesting an increase of 8.3% from the prior-year period’s reported figure. The Zacks Consensus Estimate for DAVA’s earnings is pegged at 68 cents per share, suggesting an increase of 7.9% from the prior-year quarter’s reported figure.

Expedia Group, Inc. Price, Consensus and EPS Surprise Expedia Group, Inc. price-consensus-eps-surprise-chart | Expedia Group, Inc. Quote Revenues by Segment Retail: Expedia generated $1.87 billion of revenues (71.6% of the total revenues) from the segment, rising 8% year over year. EXPE witnessed 18% growth in Lodging revenues owing to the solid momentum in stayed room nights, which grew 19%. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Expedia Group, Inc. (EXPE) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report Endava PLC Sponsored ADR (DAVA) : Free Stock Analysis Report To read this article on Zacks.com click here.

Expedia Group, Inc. Price, Consensus and EPS Surprise Expedia Group, Inc. price-consensus-eps-surprise-chart | Expedia Group, Inc. Quote Revenues by Segment Retail: Expedia generated $1.87 billion of revenues (71.6% of the total revenues) from the segment, rising 8% year over year. Revenues by Business Model The Merchant model generated revenues of $1.72 billion (65.9% of the total revenues), up 17% year over year. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Expedia Group, Inc. (EXPE) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report Endava PLC Sponsored ADR (DAVA) : Free Stock Analysis Report To read this article on Zacks.com click here.

Expedia’s gross bookings were $20.51 billion, which increased 17% year over year. Revenues by Product Line Lodging revenues were $2.01 billion, accounting for 77% of the total revenues. Expedia used $182 million of cash in operations during the quarter under review, down from $997 million in the previous quarter.

239.0

2023-02-09 00:00:00 UTC

FormFactor's (FORM) Q4 Earnings Beat, Revenues Decline Y/Y

A

https://www.nasdaq.com/articles/formfactors-form-q4-earnings-beat-revenues-decline-y-y

FormFactor FORM reported fourth-quarter 2022 adjusted earnings of 5 cents per share, which surpassed the Zacks Consensus Estimate by 66.7%. However, the bottom line decreased by 88.6% year over year. Revenues of $165.99 million surpassed the Zacks Consensus Estimate of $155.45 million. However, the figure declined by 19% on a year-over-year basis. The top-line decline was primarily attributed to softness in probe cards. Weak demand for DRAM and Foundry & Logic remained a concern. Nevertheless, strong demand for Flash and Systems was a positive. FormFactor, Inc. Price, Consensus and EPS Surprise FormFactor, Inc. price-consensus-eps-surprise-chart | FormFactor, Inc. Quote Segments in Detail Probe card: Revenues from this segment were $124.4 million for the fourth quarter, down 25% year over year. Foundry & Logic’s (accounting for 49.5% of revenues) revenues were $82.1 million, down 27.9% year over year. Revenues for DRAM products (16.4% of revenues) were $27.3 million, reflecting a decrease of 32.3% year over year. Flash’s revenues (9% of revenues) were $15 million, up 29.3% from the year-ago period’s level. Systems: Revenues from this segment were $41.6 million (25.1% of revenues), up 6.4% year over year. Regional Details Revenues generated from the United States, Europe, Singapore and the Rest of World were $32.8 million, $11 million, $11 million and $2.8 million, respectively. Revenues in United States and Europe declined 4.9% and 1.8%, respectively. Nevertheless, revenues in Singapore and Rest of the World increased 8.9% and 40% year over year, respectively. Revenues generated from Taiwan, China, South Korea, Malaysia and Japan were $29.9 million, $35.8 million, $26.2 million, $5.1 million and $11.4 million, respectively. Revenues from Taiwan, China, South Korea and Malaysia were down 36.2%, 4.8%, 33.2% and 65.3%, respectively, year over year. Revenues from Japan were up 29.5% from year-ago quarter. Operating Results On a non-GAAP basis, gross margin significantly contracted from 44.3% in the year-ago quarter to 31.7% in the reported quarter. Non-GAAP operating expenses decreased 3.6% year over year to $47.9 million. As a percentage of total third-quarter revenues, the metric expanded 460 basis points (bps) year over year to 28.8%. Non-GAAP operating margin was 2.9%, which contracted significantly from 20.1% in the year-ago quarter. Balance Sheet & Cash Flow As of Dec 31, 2022, cash and cash equivalents and marketable securities were $238.1 million compared with $251.6 million on Sep 24, 2022. Cash generated from operating activities was $20.7 million for the reported quarter, down from $24.2 million in the previous quarter. Capital expenditure was $26.2 million in the fourth quarter. Free cash flow was an outflow of $5.4 million in the same quarter. Guidance FormFactor expects first-quarter 2023 revenues of $162 million (+/- $5 million). The Zacks Consensus Estimate for the same is currently pegged at $152.26 million. Management expects a non-GAAP gross margin of 37% (+/- 1.5%). On a non-GAAP basis, it projects earnings of 13 cents (+/- 4 cents) per share. The consensus mark for the metric is pegged at 9 cents per share. For the first quarter, the company expects moderate improvement in demand for Foundry & Logic probe cards. However, the outlook for DRAM and Flash memory probe cards is weak. The Systems business is anticipated to sustain its strong momentum in the first quarter. Zacks Rank & Stocks to Consider Currently, FormFactor has a Zacks Rank #4 (Sell). Some better-ranked stocks in the broader Zacks Computer & Technology sector are Agilent Technologies A, Arista Networks ANET and Garmin GRMN, all three carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here. Agilent has gained 8.4% in the past year. A’s long-term earnings growth rate is currently projected at 10%. Arista Networks has gained 6.1% in the past year. The long-term earnings growth rate for ANET is currently projected at 17.5%. Garmin has lost 24.6% in the past year. The long-term earnings growth rate for GRMN is currently projected at 5.6%. Free Report Reveals How You Could Profit from the Growing Electric Vehicle Industry Globally, electric car sales continue their remarkable growth even after breaking records in 2021. High gas prices have fueled his demand, but so has evolving EV comfort, features and technology. So, the fervor for EVs will be around long after gas prices normalize. Not only are manufacturers seeing record-high profits, but producers of EV-related technology are raking in the dough as well. Do you know how to cash in? If not, we have the perfect report for you – and it’s FREE! Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation. >>Send me my free report on the top 5 EV stocks Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Garmin Ltd. (GRMN) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report FormFactor, Inc. (FORM) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

FormFactor FORM reported fourth-quarter 2022 adjusted earnings of 5 cents per share, which surpassed the Zacks Consensus Estimate by 66.7%. Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation. >>Send me my free report on the top 5 EV stocks Want the latest recommendations from Zacks Investment Research?

FormFactor, Inc. Price, Consensus and EPS Surprise FormFactor, Inc. price-consensus-eps-surprise-chart | FormFactor, Inc. Quote Segments in Detail Probe card: Revenues from this segment were $124.4 million for the fourth quarter, down 25% year over year. Revenues generated from Taiwan, China, South Korea, Malaysia and Japan were $29.9 million, $35.8 million, $26.2 million, $5.1 million and $11.4 million, respectively. Click to get this free report Garmin Ltd. (GRMN) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report FormFactor, Inc. (FORM) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

FormFactor, Inc. Price, Consensus and EPS Surprise FormFactor, Inc. price-consensus-eps-surprise-chart | FormFactor, Inc. Quote Segments in Detail Probe card: Revenues from this segment were $124.4 million for the fourth quarter, down 25% year over year. Revenues generated from Taiwan, China, South Korea, Malaysia and Japan were $29.9 million, $35.8 million, $26.2 million, $5.1 million and $11.4 million, respectively. Click to get this free report Garmin Ltd. (GRMN) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report FormFactor, Inc. (FORM) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

Systems: Revenues from this segment were $41.6 million (25.1% of revenues), up 6.4% year over year. On a non-GAAP basis, it projects earnings of 13 cents (+/- 4 cents) per share. >>Send me my free report on the top 5 EV stocks Want the latest recommendations from Zacks Investment Research?

240.0

2023-02-09 00:00:00 UTC

Advanced Energy (AEIS) Q4 Earnings Beat, Revenues Rise Y/Y

A

https://www.nasdaq.com/articles/advanced-energy-aeis-q4-earnings-beat-revenues-rise-y-y-0

Advanced Energy Industries, Inc. AEIS reported fourth-quarter 2022 non-GAAP earnings of $1.70 per share, beating the Zacks Consensus Estimate by 7.6%. Further, the bottom line increased by 25% from the year-ago quarter. Revenues of $490.74 million surpassed the Zacks Consensus Estimate of $471.5 million. The top line improved 24% year over year. Strong momentum across the end markets drove top-line growth in the reported quarter. Advanced Energy Industries, Inc. Price, Consensus and EPS Surprise Advanced Energy Industries, Inc. price-consensus-eps-surprise-chart | Advanced Energy Industries, Inc. Quote End Market in Detail Semiconductor Equipment: Revenues generated from the market grew 30% year over year to $232.46 million (47.4% of the total revenues). Strong wins in inspection and remote plasma sources and the introduction of new technology platforms were positives. Industrial & Medical: Revenues from the market grew 21% year over year to $119.33 million (24.3% of the total revenues) in the reported quarter. Top line growth in the market was driven by growing design wins in surgical, medical, laser, diagnostic and life science equipment. Also, industrial wins in 3D printing, test and measurement and industrial laser contributed well. Data Center Computing: Revenues from the market were $94.52 million (19.3% of the total revenues), up 18% from the year-ago quarter’s level. Telecom & Networking: Revenues generated from the market were $44.43 million (9% of the total revenues), up 15% from the prior-year quarter’s level. Operating Results In the fourth quarter, GAAP gross margin was 36.2%, which expanded 100 basis points (bps) year over year. The non-GAAP gross profit margin was 36.6%, which expanded by 110 bps from the year-ago quarter’s level. Non-GAAP operating expenses were $100.9 million, up 17.2% year over year. As a percentage of revenues, the figure contracted 110 bps year over year to 20.6% in the reported quarter. The non-GAAP operating margin was 16%, expanding 220 bps from the prior-year quarter’s level. Balance Sheet & Cash Flow As of Dec 31, 2022, cash and cash equivalents were $458.82 million compared with $409.05 million as of Sep 30, 2022. Total debt was $373.3 million at the fourth-quarter end, down from $378.1 million at the third-quarter end. For the fourth quarter, cash flow from operations was $70.7 million, which jumped from $65.4 million in the second quarter. Advanced Energy made dividend payments of $3.8 million and repurchased shares worth $0.7 million in the quarter. Guidance For first-quarter 2022, Advanced Energy expects non-GAAP earnings of $1.10 per share (+/- 25 cents). The Zacks Consensus Estimate is pegged at $1.24 per share. Advanced Energy anticipates revenues of $415 million (+/- $20 million). The Zacks Consensus Estimate for the same is pegged at $433.01 million. Zacks Rank & Stocks to Consider Currently, Advanced Energy has a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader Zacks Computer & Technology sector are Agilent Technologies A, Arista Networks ANET and Garmin GRMN, all three carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here. Agilent has gained 8.4% in the past year. A’s long-term earnings growth rate is currently projected at 10%. Arista Networks has gained 6.1% in the past year. The long-term earnings growth rate for ANET is currently projected at 17.5%. Garmin has lost 24.6% in the past year. The long-term earnings growth rate for GRMN is currently projected at 5.6%. Free Report Reveals How You Could Profit from the Growing Electric Vehicle Industry Globally, electric car sales continue their remarkable growth even after breaking records in 2021. High gas prices have fueled his demand, but so has evolving EV comfort, features and technology. So, the fervor for EVs will be around long after gas prices normalize. Not only are manufacturers seeing record-high profits, but producers of EV-related technology are raking in the dough as well. Do you know how to cash in? If not, we have the perfect report for you – and it’s FREE! Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation. >>Send me my free report on the top 5 EV stocks Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Garmin Ltd. (GRMN) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Advanced Energy Industries, Inc. (AEIS) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Advanced Energy Industries, Inc. AEIS reported fourth-quarter 2022 non-GAAP earnings of $1.70 per share, beating the Zacks Consensus Estimate by 7.6%. Top line growth in the market was driven by growing design wins in surgical, medical, laser, diagnostic and life science equipment. Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation.

Advanced Energy Industries, Inc. AEIS reported fourth-quarter 2022 non-GAAP earnings of $1.70 per share, beating the Zacks Consensus Estimate by 7.6%. Advanced Energy Industries, Inc. Price, Consensus and EPS Surprise Advanced Energy Industries, Inc. price-consensus-eps-surprise-chart | Advanced Energy Industries, Inc. Quote End Market in Detail Semiconductor Equipment: Revenues generated from the market grew 30% year over year to $232.46 million (47.4% of the total revenues). Click to get this free report Garmin Ltd. (GRMN) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Advanced Energy Industries, Inc. (AEIS) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

Advanced Energy Industries, Inc. Price, Consensus and EPS Surprise Advanced Energy Industries, Inc. price-consensus-eps-surprise-chart | Advanced Energy Industries, Inc. Quote End Market in Detail Semiconductor Equipment: Revenues generated from the market grew 30% year over year to $232.46 million (47.4% of the total revenues). Industrial & Medical: Revenues from the market grew 21% year over year to $119.33 million (24.3% of the total revenues) in the reported quarter. Click to get this free report Garmin Ltd. (GRMN) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Advanced Energy Industries, Inc. (AEIS) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

Industrial & Medical: Revenues from the market grew 21% year over year to $119.33 million (24.3% of the total revenues) in the reported quarter. Zacks Rank & Stocks to Consider Currently, Advanced Energy has a Zacks Rank #3 (Hold). >>Send me my free report on the top 5 EV stocks Want the latest recommendations from Zacks Investment Research?

241.0

2023-02-09 00:00:00 UTC

Love & money: Four ways to avoid financial infidelity

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https://www.nasdaq.com/articles/love-money%3A-four-ways-to-avoid-financial-infidelity

By Chris Taylor NEW YORK, Feb 9 (Reuters) - Sorry to break it to you, but your romantic partner may be sharing a secret relationship. With guess who? JPMorgan Chase. Or Citibank, or Wells Fargo. Whether it is a big purchase, a hidden debt or an unknown account, 39% of us have committed some form of "financial infidelity" against the person we are partnered with, according to a new survey from financial information site Bankrate. "Year after year, we find that people have these financial skeletons in their closets," says Ted Rossman, Bankrate’s senior industry analyst. "People feel ashamed and embarrassed and end up hiding stuff – then the secret starts taking on a life of its own." Among those who are married, in a civil partnership, or living with their significant other, 12% have a secret credit card, Bankrate found. Meanwhile 11% are racking up big expenses their partners do not know about, 10% are carrying hidden debt, and 9% have a secret savings account. One interesting note is that younger generations are hoarding the biggest financial secrets. With Generation Z, a whopping 63% hid money details from their current partners, along with 54% of Millennials – both numbers far higher than with Gen X or Baby Boomers. "There used to be an expectation that couples would totally link up their financial lives, but I find that is really changing with younger clients," says Amanda Clayman, a financial therapist in L.A. "A lot of younger people don’t necessarily have that level of integration. They may not even see these things as secrets." Whatever your own indiscretion may be, transparency is always a good thing in a relationship. Here are four ways to drag these financial skeletons out of the closet: BE TRANSPARENT Separate accounts are fine – just be open about them. There is absolutely nothing wrong with romantic partners having their own financial accounts. In fact, for many couples, that is the arrangement that works best. Secrecy is not healthy, though. If you prefer to maintain a pot of money that is yours and only yours, be above board and establish those ground rules from the start. Then on top of that, you can perhaps add a joint account for shared expenses. ESTABLISH A ‘MONEY DATE’ Since talking about money is such a taboo, it is challenging to know how or when to bring it up. You can get over that particular hurdle by carving out occasional time for you to sit down with your partner and talk about just that. It does not even have to be long – maybe just five or 10 minutes to start. But having a regular time window is a good first step to air out financial issues and say what needs to be said. "It’s helpful if there are already money conversations happening, perhaps about planning or budgeting," Clayman says. "Having that money date with your partner gives you the opportunity to talk through whatever challenges may come up." GET PROFESSIONAL HELP Depending on the particulars of your relationship, and the years of baggage that may have accumulated, it can be difficult to bring money secrets up. That is where bringing in a third party can help – like a financial planner, or a couples counselor, or financial therapist whose training combines the two realms. Another pair of eyes can view the situation in a more detached manner, and help suggest a way forward. "You don’t absolutely need a third person, but I think it can be very helpful," says Clayman. "If the conversation gets into a red zone where the attacks are getting really personal, you have a person who can put the discussion back on the rails." DO IT NOW If you imagine that keeping a few little money secrets will not harm anybody, you are wrong. According to a 2021 study by the National Endowment for Financial Education, 85% said financial infidelity affected their relationship in some way. And in the Bankrate survey, 52% of respondents say furtive financials are as bad, or worse, than any act of physical cheating. In other words, honesty is the healthier option. So it is always better to talk about secrets sooner rather than later. You might find that most of the time, people can be pretty forgiving, Rossman says. "The best strategy is to come clean as soon as possible," says Bankrate’s Rossman. "The secrecy ends up being the worst part, because it’s tough to get that trust back." (Editing by Lauren Young and Diane Craft Follow us @ReutersMoney) ((lauren.young@thomsonreuters.com; 646-223-6166; Reuters Messaging: lauren.young.thomsonreuters.com@reuters.net (Twitter @laurenyoung)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

By Chris Taylor NEW YORK, Feb 9 (Reuters) - Sorry to break it to you, but your romantic partner may be sharing a secret relationship. "People feel ashamed and embarrassed and end up hiding stuff – then the secret starts taking on a life of its own." With Generation Z, a whopping 63% hid money details from their current partners, along with 54% of Millennials – both numbers far higher than with Gen X or Baby Boomers.

"Year after year, we find that people have these financial skeletons in their closets," says Ted Rossman, Bankrate’s senior industry analyst. "There used to be an expectation that couples would totally link up their financial lives, but I find that is really changing with younger clients," says Amanda Clayman, a financial therapist in L.A. "A lot of younger people don’t necessarily have that level of integration. There is absolutely nothing wrong with romantic partners having their own financial accounts.

Whether it is a big purchase, a hidden debt or an unknown account, 39% of us have committed some form of "financial infidelity" against the person we are partnered with, according to a new survey from financial information site Bankrate. "Year after year, we find that people have these financial skeletons in their closets," says Ted Rossman, Bankrate’s senior industry analyst. "There used to be an expectation that couples would totally link up their financial lives, but I find that is really changing with younger clients," says Amanda Clayman, a financial therapist in L.A. "A lot of younger people don’t necessarily have that level of integration.

Whether it is a big purchase, a hidden debt or an unknown account, 39% of us have committed some form of "financial infidelity" against the person we are partnered with, according to a new survey from financial information site Bankrate. "Year after year, we find that people have these financial skeletons in their closets," says Ted Rossman, Bankrate’s senior industry analyst. There is absolutely nothing wrong with romantic partners having their own financial accounts.

242.0

2023-02-08 00:00:00 UTC

Agilent Technologies (A) Stock Moves -0.06%: What You Should Know

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https://www.nasdaq.com/articles/agilent-technologies-a-stock-moves-0.06%3A-what-you-should-know

Agilent Technologies (A) closed at $154.42 in the latest trading session, marking a -0.06% move from the prior day. This change was narrower than the S&P 500's daily loss of 1.11%. Elsewhere, the Dow lost 0.61%, while the tech-heavy Nasdaq lost 2.13%. Prior to today's trading, shares of the scientific instrument maker had lost 0.46% over the past month. This has lagged the Computer and Technology sector's gain of 17.35% and the S&P 500's gain of 7% in that time. Agilent Technologies will be looking to display strength as it nears its next earnings release, which is expected to be February 28, 2023. The company is expected to report EPS of $1.31, up 8.26% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $1.69 billion, up 1.08% from the prior-year quarter. Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.64 per share and revenue of $6.95 billion. These totals would mark changes of +8.05% and +1.56%, respectively, from last year. Investors might also notice recent changes to analyst estimates for Agilent Technologies. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability. Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Agilent Technologies is holding a Zacks Rank of #1 (Strong Buy) right now. Looking at its valuation, Agilent Technologies is holding a Forward P/E ratio of 27.38. This valuation marks a no noticeable deviation compared to its industry's average Forward P/E of 27.38. Meanwhile, A's PEG ratio is currently 2.74. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. A's industry had an average PEG ratio of 2.79 as of yesterday's close. The Electronics - Testing Equipment industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 110, which puts it in the top 44% of all 250+ industries. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com. 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops." Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.8% per year. So be sure to give these hand-picked 7 your immediate attention. See them now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Prior to today's trading, shares of the scientific instrument maker had lost 0.46% over the past month. Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.64 per share and revenue of $6.95 billion. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.64 per share and revenue of $6.95 billion. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups.

This industry currently has a Zacks Industry Rank of 110, which puts it in the top 44% of all 250+ industries. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys.

Agilent Technologies is holding a Zacks Rank of #1 (Strong Buy) right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. This industry currently has a Zacks Industry Rank of 110, which puts it in the top 44% of all 250+ industries.

243.0

2023-02-08 00:00:00 UTC

PayPal (PYPL) Q4 Earnings to Benefit From Portfolio Strength

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https://www.nasdaq.com/articles/paypal-pypl-q4-earnings-to-benefit-from-portfolio-strength

PayPal Holdings, Inc. PYPL is slated to report fourth-quarter 2022 results on Feb 9. The company’s robust services have enabled it to maintain a deep and trusted relationship with merchants and consumers. Its two-sided platform helps develop direct financial relationships with customers and merchants. The Total Payment Volume (TPV) for the fourth quarter is anticipated to reflect the impacts of all these factors. Notably, TPV is a key growth metric for PayPal’s top line. The TPV in the last reported quarter improved 9% year over year on a spot rate basis and 14% on a currency-neutral basis to $336.97 billion. This was attributed to well-performing Venmo, which accounted for $63.6 billion of TPV. For fourth-quarter 2022, the Zacks Consensus Estimate for TPV is pegged at $359.2 billion, suggesting growth of 5.8% on a year-over-year basis. Click here to know how the company’s overall fourth-quarter performance is expected to have been. PayPal Holdings, Inc. Price and Consensus PayPal Holdings, Inc. price-consensus-chart | PayPal Holdings, Inc. Quote Portfolio Strength: A Key Catalyst PayPal’s continuous efforts toward strengthening the services portfolio are likely to have aided in gaining traction with customers in the fourth quarter despite the pandemic. In the said quarter, the company unveiled passkeys for PayPal accounts in a bid to offer a more secure and simple way of making payments. Further, PayPal rolled out a digital point-of-sale solution, the PayPal Zettle Terminal, in the United States to deliver an enhanced payment experience to small businesses and their customers. This apart, robust Venmo is likely to have continued contributing well. The company’s TPV is likely to have benefited from Venmo’s strengthening monetization efforts. Further, One Touch’s growing momentum among merchants on the heels of its robust mobile checkout services is expected to have driven growth in PayPal’s mobile TPV in the fourth quarter. The company’s strengthening cryptocurrency efforts, along with the integration with Venmo and the expanding global footprint of its cryptocurrency service, are expected to have contributed well. The growing momentum in the buy now, pay later solution of PayPal is likely to have benefited the quarterly performance. Zacks Rank & Stocks to Consider Currently, PayPal carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader Zacks Computer & Technology sector are Agilent Technologies A, Arista Networks ANET and Asure Software ASUR. While Agilent Technologies sports a Zacks Rank #1 (Strong Buy), Arista Networks and Asure Software carry a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here. Agilent has gained 8.4% in the past year. A’s long-term earnings growth rate is currently projected at 10%. Arista Networks has gained 6.1% in the past year. The long-term earnings growth rate for ANET is currently projected at 17.5%. Asure Software has gained 51.9% in the past year. The long-term earnings growth rate for ASUR is currently projected at 23%. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops." Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.8% per year. So be sure to give these hand-picked 7 your immediate attention. See them now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report PayPal Holdings, Inc. (PYPL) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The company’s robust services have enabled it to maintain a deep and trusted relationship with merchants and consumers. For fourth-quarter 2022, the Zacks Consensus Estimate for TPV is pegged at $359.2 billion, suggesting growth of 5.8% on a year-over-year basis. In the said quarter, the company unveiled passkeys for PayPal accounts in a bid to offer a more secure and simple way of making payments.

PayPal Holdings, Inc. Price and Consensus PayPal Holdings, Inc. price-consensus-chart | PayPal Holdings, Inc. Quote Portfolio Strength: A Key Catalyst PayPal’s continuous efforts toward strengthening the services portfolio are likely to have aided in gaining traction with customers in the fourth quarter despite the pandemic. While Agilent Technologies sports a Zacks Rank #1 (Strong Buy), Arista Networks and Asure Software carry a Zacks Rank #2 (Buy) at present. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report PayPal Holdings, Inc. (PYPL) : Free Stock Analysis Report To read this article on Zacks.com click here.

PayPal Holdings, Inc. Price and Consensus PayPal Holdings, Inc. price-consensus-chart | PayPal Holdings, Inc. Quote Portfolio Strength: A Key Catalyst PayPal’s continuous efforts toward strengthening the services portfolio are likely to have aided in gaining traction with customers in the fourth quarter despite the pandemic. Zacks Rank & Stocks to Consider Currently, PayPal carries a Zacks Rank #3 (Hold). Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report PayPal Holdings, Inc. (PYPL) : Free Stock Analysis Report To read this article on Zacks.com click here.

Click here to know how the company’s overall fourth-quarter performance is expected to have been. PayPal Holdings, Inc. Price and Consensus PayPal Holdings, Inc. price-consensus-chart | PayPal Holdings, Inc. Quote Portfolio Strength: A Key Catalyst PayPal’s continuous efforts toward strengthening the services portfolio are likely to have aided in gaining traction with customers in the fourth quarter despite the pandemic. While Agilent Technologies sports a Zacks Rank #1 (Strong Buy), Arista Networks and Asure Software carry a Zacks Rank #2 (Buy) at present.

244.0

2023-02-08 00:00:00 UTC

Jack Henry (JKHY) Q2 Earnings Miss Estimates, Revenues Rise Y/Y

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https://www.nasdaq.com/articles/jack-henry-jkhy-q2-earnings-miss-estimates-revenues-rise-y-y

Jack Henry & Associates, Inc. JKHY reported second-quarter fiscal 2023 earnings of $1.10 per share, which missed the Zacks Consensus Estimate by 0.9%. Further, the bottom line decreased 15.4% from the year-ago fiscal quarter’s reported figure. Revenues improved 2% from the year-ago fiscal quarter’s reading to $505.3 million. The figure lagged the Zacks Consensus Estimate of $519.7 million. JKHY’s non-GAAP revenues were $496.4 million, up 6% from the year-ago fiscal quarter’s level. Top-line growth was driven by growing processing revenues. Additionally, strong momentum across the Payments and Complementary segments drove the results. However, declining services and support revenues and weakness in Corporate segment remained concerns. Jack Henry & Associates, Inc. Price, Consensus and EPS Surprise Jack Henry & Associates, Inc. price-consensus-eps-surprise-chart | Jack Henry & Associates, Inc. Quote Top Line in Detail Services & Support: Jack Henry generated revenues of $290.7 million from the category (58% of revenues). The figure fell 2% from the year-ago fiscal quarter’s level, owing to a 64% decline in deconversion fees. Processing: The category yielded $214.6 million (42% of revenues) in the reported quarter, up 9% from the year-ago fiscal quarter’s actuals. This can be attributed to 7% growth in Jack Henry's card-processing fee revenues. Also, growing payment processing and digital revenues contributed well. Segments in Detail Core: Revenues totaled $155.4 million (31% of the top line), up 0.3% from the year-ago fiscal quarter’s tally. Payments: Revenues summed $191.5 million (38% of the total revenues), increasing 3% from the year-ago fiscal quarter’s level. Complementary: Revenues came in at $142.3 million (28% of the total revenues), up 4% from the year-earlier fiscal quarter’s number. Corporate & Other: Revenues grossed $16.1 million (3% of the total revenues), down 5% from the prior-year fiscal quarter’s level. Operating Details In second-quarter fiscal 2023, total operating expenses were $397.9 million, reflecting an 8% increase from the prior-year fiscal quarter. This can primarily be attributed to higher personnel and travel costs. As a percentage of revenues, the figure expanded 410 basis points (bps) from the year-ago fiscal quarter’s number to 78.7%. The operating margin was 21% and contracted 400 bps from the year-ago fiscal quarter’s number. The reported quarter's operating margin was 21%, down 400 basis points from the previous fiscal quarter. Balance Sheet As of Dec 31, 2022, cash and cash equivalents totaled $26 million, which decreased from $32 million as of Sep 30, 2022. Trade receivables were $246.4 million in the reported quarter, down from $247.5 million in the previous fiscal quarter. The current and long-term debt stood at $275.02 million at the end of the second-quarter fiscal 2023 compared with $245.04 million at the end of the first quarter of fiscal 2023. Guidance For fiscal 2023, Jack Henry reduced its guidance for GAAP revenues from $2.092-$2.099 billion to $2.048-$2.055 billion. The Zacks Consensus Estimate for revenues is pegged at $2.09 billion. It also trimmed its guidance for non-GAAP revenues from $2.045-$2.052 billion to $2.021-$2.028 billion. Management lowered the guidance for earnings from $4.90-$4.94 to $4.79-$4.83 per share. The Zacks Consensus Estimate for the same is pegged at $4.93 per share. Zacks Rank & Stocks to Consider Jack Henry currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader Zacks Computer & Technology sector are Agilent Technologies A, Arista Networks ANET and Asure Software ASUR. While Agilent Technologies sports a Zacks Rank #1 (Strong Buy), Arista Networks and Asure Software carry a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here. Agilent has gained 8.4% in the past year. A’s long-term earnings growth rate is currently projected at 10%. Arista Networks has gained 6.1% in the past year. The long-term earnings growth rate for ANET is currently projected at 17.5%. Asure Software has gained 51.9% in the past year. The long-term earnings growth rate for ASUR is currently projected at 23%. 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops." Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.8% per year. So be sure to give these hand-picked 7 your immediate attention. See them now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Jack Henry & Associates, Inc. (JKHY) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Jack Henry & Associates, Inc. JKHY reported second-quarter fiscal 2023 earnings of $1.10 per share, which missed the Zacks Consensus Estimate by 0.9%. Segments in Detail Core: Revenues totaled $155.4 million (31% of the top line), up 0.3% from the year-ago fiscal quarter’s tally. As a percentage of revenues, the figure expanded 410 basis points (bps) from the year-ago fiscal quarter’s number to 78.7%.

Jack Henry & Associates, Inc. Price, Consensus and EPS Surprise Jack Henry & Associates, Inc. price-consensus-eps-surprise-chart | Jack Henry & Associates, Inc. Quote Top Line in Detail Services & Support: Jack Henry generated revenues of $290.7 million from the category (58% of revenues). While Agilent Technologies sports a Zacks Rank #1 (Strong Buy), Arista Networks and Asure Software carry a Zacks Rank #2 (Buy) at present. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Jack Henry & Associates, Inc. (JKHY) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

Jack Henry & Associates, Inc. Price, Consensus and EPS Surprise Jack Henry & Associates, Inc. price-consensus-eps-surprise-chart | Jack Henry & Associates, Inc. Quote Top Line in Detail Services & Support: Jack Henry generated revenues of $290.7 million from the category (58% of revenues). Payments: Revenues summed $191.5 million (38% of the total revenues), increasing 3% from the year-ago fiscal quarter’s level. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Jack Henry & Associates, Inc. (JKHY) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

Jack Henry & Associates, Inc. JKHY reported second-quarter fiscal 2023 earnings of $1.10 per share, which missed the Zacks Consensus Estimate by 0.9%. Processing: The category yielded $214.6 million (42% of revenues) in the reported quarter, up 9% from the year-ago fiscal quarter’s actuals. This can be attributed to 7% growth in Jack Henry's card-processing fee revenues.

245.0

2023-02-07 00:00:00 UTC

Carrier's (CARR) Q4 Earnings In-Line, Revenues Beat Estimates

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https://www.nasdaq.com/articles/carriers-carr-q4-earnings-in-line-revenues-beat-estimates

Carrier Global CARR reported fourth-quarter 2022 adjusted earnings of 40 cents per share, which came in line with the Zacks Consensus Estimate. The figure decreased by 9.1% year over year. Net sales of $5.1 billion surpassed the Zacks Consensus Estimate of $5.08 billion. However, the figure decreased by 1% year over year. Softness in the Refrigeration and Fire & Security segments led to a year-over-year decline in the top line. Nevertheless, the company witnessed strong momentum across the HVAC segment. Product sales (88.7% of net sales) of $4.53 billion increased 6.4% year over year. Service sales (11.3% of net sales) of $578 million were down 34.1% year over year. Carrier Global Corporation Price, Consensus and EPS Surprise Carrier Global Corporation price-consensus-eps-surprise-chart | Carrier Global Corporation Quote Segment Details HVAC revenues (65% of net sales) increased 21% year over year to $3.32 billion. Residential sector strength in North America drove growth. Also, well-performing light commercial and commercial HVAC businesses contributed well. Refrigeration revenues of $943 million (18.5% of net sales) were down 14% from the year-ago quarter’s level. The slowdown in container sales and orders was a major concern. Softness in commercial refrigeration was a concern. Nevertheless, strong growth in European truck/trailer sales was a positive. Fire & Security revenues (18.8% of net sales) of $960 million were down 33% year over year. Nevertheless, growing momentum among access solutions and strength in the commercial fire business in the Americas remained positive. Operating Results Research & development (R&D) expenses increased 11.2% year over year to $149 million. Selling, general & administrative (SG&A) expenses fell 17.5% from the year-ago quarter’s level to $673 million. As a percentage of revenues, R&D expenses expanded 30 basis points (bps) from the prior-year quarter’s level, but SG&A expenses contracted 270 bps year over year. The adjusted operating margin contracted 10 bps on a year-over-year basis to 10.1%. The adjusted operating margin of the HVAC segment expanded 60 bps year over year to 9.6%. The Refrigeration segment reported an adjusted operating margin of 12.1%, expanding 60 bps. Adjusted operating margin of Fire & Security was 14.5%, expanding by 60 bps year over year. Balance Sheet As of Dec 31, 2022, Carrier had cash and cash equivalents of $3.52 billion compared with $2.98 billion on Sep 30, 2022. Total debt (including the current portion) at the end of the reported quarter was $8.8 billion compared with $8.9 billion at the end of the previous quarter. In the reported quarter, Carrier generated $1.1 million in cash from operations, up from $790 million in the prior quarter. Capital expenditure was $140 million in the fourth quarter of 2022. Free cash flow was $983 million for the reported quarter. 2023 Guidance For 2023, Carrier expects sales of $22 billion. The Zacks Consensus Estimate for sales is pegged at $21.64 billion. Carrier anticipates adjusted earnings per share within the range of $2.50-$2.60. The Zacks Consensus Estimate for the same is pegged at $2.53 per share. Carrier expects an adjusted operating margin of 14%. CARR expects free cash flow of $1.9 billion. Zacks Rank & Stocks to Consider Currently, Carrier has a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader Zacks Computer & Technology sector are Agilent Technologies A, Arista Networks ANET and Asure Software ASUR, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Agilent has gained 8.4% in the past year. A’s long-term earnings growth rate is currently projected at 10%. Arista Networks has gained 6.1% in the past year. The long-term earnings growth rate for ANET is currently projected at 17.5%. Asure Software has gained 51.9% in the past year. The long-term earnings growth rate for ASUR is currently projected at 23%. Free Report: Must-See Hydrogen Stocks Hydrogen fuel cells are already used to provide efficient, ultra-clean energy to buses, ships and even hospitals. This technology is on the verge of a massive breakthrough, one that could make hydrogen a major source of America's power. It could even totally revolutionize the EV industry. Zacks has released a special report revealing the 4 stocks experts believe will deliver the biggest gains. Download Cashing In on Cleaner Energy today, absolutely free. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report Carrier Global Corporation (CARR) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Carrier Global CARR reported fourth-quarter 2022 adjusted earnings of 40 cents per share, which came in line with the Zacks Consensus Estimate. Nevertheless, growing momentum among access solutions and strength in the commercial fire business in the Americas remained positive. Zacks has released a special report revealing the 4 stocks experts believe will deliver the biggest gains.

Carrier Global Corporation Price, Consensus and EPS Surprise Carrier Global Corporation price-consensus-eps-surprise-chart | Carrier Global Corporation Quote Segment Details HVAC revenues (65% of net sales) increased 21% year over year to $3.32 billion. Some better-ranked stocks in the broader Zacks Computer & Technology sector are Agilent Technologies A, Arista Networks ANET and Asure Software ASUR, each carrying a Zacks Rank #2 (Buy) at present. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report Carrier Global Corporation (CARR) : Free Stock Analysis Report To read this article on Zacks.com click here.

Product sales (88.7% of net sales) of $4.53 billion increased 6.4% year over year. Carrier Global Corporation Price, Consensus and EPS Surprise Carrier Global Corporation price-consensus-eps-surprise-chart | Carrier Global Corporation Quote Segment Details HVAC revenues (65% of net sales) increased 21% year over year to $3.32 billion. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report Carrier Global Corporation (CARR) : Free Stock Analysis Report To read this article on Zacks.com click here.

Service sales (11.3% of net sales) of $578 million were down 34.1% year over year. The adjusted operating margin of the HVAC segment expanded 60 bps year over year to 9.6%. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report Carrier Global Corporation (CARR) : Free Stock Analysis Report To read this article on Zacks.com click here.

246.0

2023-02-03 00:00:00 UTC

MACOM (MTSI) Q1 Earnings & Revenues Top Estimates, Rise Y/Y

A

https://www.nasdaq.com/articles/macom-mtsi-q1-earnings-revenues-top-estimates-rise-y-y-0

MACOM Technology Solutions Holdings, Inc. MTSI reported first-quarter fiscal 2023 non-GAAP earnings of 81 cents per share, beating the Zacks Consensus Estimate by 2.5%. Further, the bottom line improved 26.6% from the year-ago quarter’s reported figure. Revenues of $180.1 million surpassed the Zacks Consensus Estimate of $179.5 million. Moreover, the top line rose 12.8% from the year-ago quarter. Top-line growth was driven by the company’s strong performance across all end-markets on a year-over-year basis. Notably, MACOM has gained 13.3% over a year, outperforming the industry’s rally of 10.7%. MACOM Technology Solutions Holdings, Inc. Price, Consensus and EPS Surprise MACOM Technology Solutions Holdings, Inc. price-consensus-eps-surprise-chart | MACOM Technology Solutions Holdings, Inc. Quote Top Line in Detail Telecom Market: MTSI generated revenues of $61.45 million (34% of the total revenues) from the market, up 10.1% year over year. Data Center Market: The market generated revenues of $41.48 million (23% of the total revenues), up 35.3% from the year-ago quarter. Industrial & Defense Market: MACOM generated revenues of $77.17 million (43% of the total revenues) from the market, up 5.5% year over year. Operating Details In first-quarter fiscal 2023, the non-GAAP gross margin was 62.6%, which expanded 120 basis points (bps) from the year-ago quarter’s reported figure. In the reported quarter, non-GAAP operating expenses were $53.9 million, which increased 10% from the year-ago quarter’s reported figure. As a percentage of revenues, the figure contracted 80 bps to 29.9%. Consequently, MTSI’s non-GAAP operating margin was 32.7%, which expanded 200 bps from the prior-year quarter. Balance Sheet & Cash Flow As of Dec 30, 2022, cash equivalents and short-term investments were $594.7 million, up from $586.5 million as of Sept 30, 2022. Inventories were $121.3 million, up from $114.9 million in the last reported quarter. Long-term debt obligations, excluding the current portion, were $566.3 million in the reported quarter compared with $565.9 million in the previous quarter. Cash generated from operations was $38.3 million, down from $59.9 million in the last reported quarter. Guidance For second-quarter fiscal 2023, MACOM expects revenues between $166 million and $170 million. The Zacks Consensus Estimate for the same is pegged at $177.7 million. MTSI’s adjusted earnings per share are anticipated to be 76-80 cents. The Zacks Consensus Estimate for the same is pegged at 74 cents. The non-GAAP gross margin is anticipated to be 61.5-63.5%. Zacks Rank & Stocks to Consider Currently, MACOM has a Zacks Rank #3 (Hold). Investors interested in the broader Zacks Computer & Technology sector can consider some better-ranked stocks like Agilent Technologies A, Arista Networks ANET and Endava DAVA, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Agilent Technologies is set to report first-quarter fiscal 2023 results on Feb 28. The Zacks Consensus Estimate for Agilent’s earnings is pegged at $1.31 per share, suggesting an increase of 8.3% from the prior-year period’s reported figure. Agilent has gained 10.2% in the past year. Arista Networks is scheduled to release fourth-quarter 2022 results on Feb 13. The Zacks Consensus Estimate for ANET’s earnings is pegged at $1.21 per share, suggesting an increase of 47.6% from the prior-year quarter’s reported figure. ANET has gained 9.1% in the past year. Endava is scheduled to release second-quarter fiscal 2023 results on Feb 14. The Zacks Consensus Estimate for DAVA’s earnings is pegged at 68 cents per share, suggesting an increase of 7.9% from the prior-year quarter’s reported figure. DAVA has lost 26.1% in the past year. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report MACOM Technology Solutions Holdings, Inc. (MTSI) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report Endava PLC Sponsored ADR (DAVA) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

MACOM Technology Solutions Holdings, Inc. MTSI reported first-quarter fiscal 2023 non-GAAP earnings of 81 cents per share, beating the Zacks Consensus Estimate by 2.5%. Operating Details In first-quarter fiscal 2023, the non-GAAP gross margin was 62.6%, which expanded 120 basis points (bps) from the year-ago quarter’s reported figure. The Zacks Consensus Estimate for DAVA’s earnings is pegged at 68 cents per share, suggesting an increase of 7.9% from the prior-year quarter’s reported figure.

MACOM Technology Solutions Holdings, Inc. MTSI reported first-quarter fiscal 2023 non-GAAP earnings of 81 cents per share, beating the Zacks Consensus Estimate by 2.5%. MACOM Technology Solutions Holdings, Inc. Price, Consensus and EPS Surprise MACOM Technology Solutions Holdings, Inc. price-consensus-eps-surprise-chart | MACOM Technology Solutions Holdings, Inc. Quote Top Line in Detail Telecom Market: MTSI generated revenues of $61.45 million (34% of the total revenues) from the market, up 10.1% year over year. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report MACOM Technology Solutions Holdings, Inc. (MTSI) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report Endava PLC Sponsored ADR (DAVA) : Free Stock Analysis Report To read this article on Zacks.com click here.

MACOM Technology Solutions Holdings, Inc. MTSI reported first-quarter fiscal 2023 non-GAAP earnings of 81 cents per share, beating the Zacks Consensus Estimate by 2.5%. MACOM Technology Solutions Holdings, Inc. Price, Consensus and EPS Surprise MACOM Technology Solutions Holdings, Inc. price-consensus-eps-surprise-chart | MACOM Technology Solutions Holdings, Inc. Quote Top Line in Detail Telecom Market: MTSI generated revenues of $61.45 million (34% of the total revenues) from the market, up 10.1% year over year. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report MACOM Technology Solutions Holdings, Inc. (MTSI) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report Endava PLC Sponsored ADR (DAVA) : Free Stock Analysis Report To read this article on Zacks.com click here.

MACOM Technology Solutions Holdings, Inc. MTSI reported first-quarter fiscal 2023 non-GAAP earnings of 81 cents per share, beating the Zacks Consensus Estimate by 2.5%. Revenues of $180.1 million surpassed the Zacks Consensus Estimate of $179.5 million. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.

247.0

2023-02-03 00:00:00 UTC

Alphabet (GOOGL) Q4 Earnings Miss Estimates, Revenues Rise Y/Y

A

https://www.nasdaq.com/articles/alphabet-googl-q4-earnings-miss-estimates-revenues-rise-y-y

Alphabet’s GOOGL fourth-quarter 2022 earnings of $1.05 per share missed the Zacks Consensus Estimate by 7.9%. The figure declined 31.4% year over year. Revenues of $76.05 billion increased 1% year over year (7% at constant currency). Net revenues, excluding total traffic acquisition costs or TAC (TAC is the portion of revenues shared with Google’s partners and amounts paid to distribution partners and others who direct traffic to the Google website), were $63.12 billion, which lagged the consensus mark of $63.15 billion. The figure rose 2% from the year-ago quarter. TAC of $12.9 billion was down 3.7% year over year. Top-line growth was driven by the solid momentum in GOOGL’s cloud business. The strong performance of Other Bets contributed well. However, softness in Google Search was a negative. Further, Alphabet witnessed sluggishness in YouTube ads and Google Network due to slowdown in digital advertisement. This was a major concern. Shares of Alphabet plunged 3.6% in the pre-market trading due to GOOGL’s weaker-than-expected third-quarter results and declining advertisement revenues. Notably, Alphabet has lost 27.2% over a year compared with the industry’s decline of 31.4%. Nevertheless, Alphabet’s solid momentum across Google Cloud, YouTube subscriptions and Pixel devices is promising. Its growing investments in AI, strong efforts to boost Search business and the expanding cloud services portfolio, which are expected to yield huge returns in the days ahead, are major positives. This, in turn, is expected to instill investor optimism in the stock in the days ahead. Alphabet Inc. Price, Consensus and EPS Surprise Alphabet Inc. price-consensus-eps-surprise-chart | Alphabet Inc. Quote Segments in Detail Alphabet reports revenues under Google Services, Google Cloud and Other Bets. Google Services: Revenues from the Google services business decreased 2.2% year over year to $67.84 billion, accounting for 89.2% of the total revenues. Under this business, search revenues from Google-owned sites decreased 1.6% year over year to $42.6 billion. YouTube’s advertising revenues declined 7.8% year over year to $7.9 billion, while Network advertising revenues decreased 8.9% to $8.5 billion. Total Google advertising revenues fell 3.6% year over year to $59.04 billion and accounted for 77.6% of the total revenues. Google’s Other revenues, consisting of Google Play and YouTube non-advertising revenues, were $8.8 billion for the fourth quarter, up 7.8% year over year. Google Cloud: Google Cloud revenues rose 32% year over year to $7.3 billion, accounting for 9.6% of the quarter’s total revenues. Other Bets: Other Bets’ revenues were $226 million, up 24.9% year over year and accounted for 0.3% of the total third-quarter revenues. Regional Details EMEA (28.6% of total revenues): GOOGL generated $21.8 billion of revenues from the region, falling 6% year over year. APAC (15.7% of total revenues): The region generated $11.98 billion of revenues, down 6% from the year-ago quarter. Other Americas (6.1% of total revenues): The region generated $4.66 billion of revenues, up 5% on a year-over-year basis. United States (48.6% of total revenues): Alphabet generated $36.98 billion of revenues from the region, which increased 6% from the prior-year quarter. Operating Details Costs and operating expenses were $57.9 billion, up 8.3% year over year. As a percentage of revenues, the figure expanded 520 basis points (bps) from the year-ago quarter. The operating margin was 23.9%, which contracted 850 bps year over year. Segment-wise, Google Services’ operating margin of 31.1% contracted 630 bps from the prior-year quarter. Google Cloud reported a loss of $480 million compared with a loss of $890 million in the year-ago quarter. Other Bets reported a loss of $1.63 billion compared with a loss of $1.45 billion in the prior-year quarter. Balance Sheet As of Dec 31, 2022, cash and cash equivalents, and marketable securities were $113.8 billion, down from $116.3 billion as of Sep 30, 2022. Long-term debt was $14.7 billion at the end of the reported quarter compared with $14.6 billion at the end of the previous quarter. Alphabet generated $23.6 billion of cash from operations in fourth-quarter 2022 compared with $23.3 billion in third-quarter 2022. GOOGL spent $7.6 billion on capex, netting a free cash flow of $16.02 billion in the reported quarter. Zacks Rank & Stocks to Consider Currently, Alphabet carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader Zacks Computer & Technology sector are Agilent Technologies A, Arista Networks ANET and Impinj PI, all of which carry a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here. Agilent has gained 10.2% in the past year. A’s long-term earnings growth rate is projected at 10%. Arista Networks has gained 9.1% in the past year. The long-term earnings growth rate for ANET is projected at 17.5%. Impinj has gained 73.3% in the past year. The long-term earnings growth rate for PI is projected at 25%. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Impinj, Inc. (PI) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Shares of Alphabet plunged 3.6% in the pre-market trading due to GOOGL’s weaker-than-expected third-quarter results and declining advertisement revenues. Its growing investments in AI, strong efforts to boost Search business and the expanding cloud services portfolio, which are expected to yield huge returns in the days ahead, are major positives. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.

YouTube’s advertising revenues declined 7.8% year over year to $7.9 billion, while Network advertising revenues decreased 8.9% to $8.5 billion. Google Cloud revenues rose 32% year over year to $7.3 billion, accounting for 9.6% of the quarter’s total revenues. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Impinj, Inc. (PI) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

Google’s Other revenues, consisting of Google Play and YouTube non-advertising revenues, were $8.8 billion for the fourth quarter, up 7.8% year over year. Google Cloud revenues rose 32% year over year to $7.3 billion, accounting for 9.6% of the quarter’s total revenues. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Impinj, Inc. (PI) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

The figure declined 31.4% year over year. Alphabet Inc. Price, Consensus and EPS Surprise Alphabet Inc. price-consensus-eps-surprise-chart | Alphabet Inc. Quote Segments in Detail Alphabet reports revenues under Google Services, Google Cloud and Other Bets. Google Cloud revenues rose 32% year over year to $7.3 billion, accounting for 9.6% of the quarter’s total revenues.

248.0

2023-02-02 00:00:00 UTC

Agilent Technologies (A) Gains But Lags Market: What You Should Know

A

https://www.nasdaq.com/articles/agilent-technologies-a-gains-but-lags-market%3A-what-you-should-know-0

In the latest trading session, Agilent Technologies (A) closed at $155.50, marking a +0.03% move from the previous day. The stock lagged the S&P 500's daily gain of 1.47%. Meanwhile, the Dow lost 0.11%, and the Nasdaq, a tech-heavy index, added 7.94%. Coming into today, shares of the scientific instrument maker had gained 2.49% in the past month. In that same time, the Computer and Technology sector gained 14.02%, while the S&P 500 gained 7.41%. Investors will be hoping for strength from Agilent Technologies as it approaches its next earnings release, which is expected to be February 28, 2023. The company is expected to report EPS of $1.31, up 8.26% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.69 billion, up 1.08% from the year-ago period. A's full-year Zacks Consensus Estimates are calling for earnings of $5.64 per share and revenue of $6.95 billion. These results would represent year-over-year changes of +8.05% and +1.56%, respectively. It is also important to note the recent changes to analyst estimates for Agilent Technologies. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system. The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.09% higher. Agilent Technologies is currently a Zacks Rank #2 (Buy). In terms of valuation, Agilent Technologies is currently trading at a Forward P/E ratio of 27.54. This represents a no noticeable deviation compared to its industry's average Forward P/E of 27.54. Investors should also note that A has a PEG ratio of 2.75 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Electronics - Testing Equipment was holding an average PEG ratio of 2.67 at yesterday's closing price. The Electronics - Testing Equipment industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 197, which puts it in the bottom 22% of all 250+ industries. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. To follow An in the coming trading sessions, be sure to utilize Zacks.com. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock And 4 Runners Up Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In the latest trading session, Agilent Technologies (A) closed at $155.50, marking a +0.03% move from the previous day. Investors will be hoping for strength from Agilent Technologies as it approaches its next earnings release, which is expected to be February 28, 2023. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.

Over the past month, the Zacks Consensus EPS estimate has moved 0.09% higher. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report To read this article on Zacks.com click here.

This industry currently has a Zacks Industry Rank of 197, which puts it in the bottom 22% of all 250+ industries. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.

In the latest trading session, Agilent Technologies (A) closed at $155.50, marking a +0.03% move from the previous day. Coming into today, shares of the scientific instrument maker had gained 2.49% in the past month. Agilent Technologies is currently a Zacks Rank #2 (Buy).

249.0

2023-02-02 00:00:00 UTC

AMETEK (AME) Q4 Earnings & Sales Surpass Estimates, Rise Y/Y

A

https://www.nasdaq.com/articles/ametek-ame-q4-earnings-sales-surpass-estimates-rise-y-y

AMETEK, Inc. AME reported fourth-quarter 2022 adjusted earnings of $1.52 per share, beating the Zacks Consensus Estimate by 3.4%. The bottom line rose 11% on a year-over-year basis. Net sales of $1.63 billion beat the Zacks Consensus Estimate of $1.58 billion. Further, the top line rose 8% year over year. Top-line growth was driven by strong performances by the Electronic Instruments Group ("EIG") and Electromechanical Group ("EMG") segments in the reported quarter. AMETEK’s proper execution of the four core growth strategies, including operational excellence,global marketexpansion, investments in product development and acquisitions, are expected to continue aiding financial growth in the near and long term. The AMETEK Growth Model is likely to continue driving AME’s business performance. AMETEK, Inc. Price, Consensus and EPS Surprise AMETEK, Inc. price-consensus-eps-surprise-chart | AMETEK, Inc. Quote Segments in Detail EIG (71.3% of total sales): AMETEK generated sales of $1.16 billion from the segment, reflecting growth of 10% from the year-ago quarter. EMG (28.7% of sales): The segment generated $466 million of sales in the fourth quarter, which improved 4% on a year-over-year basis. Operating Details For the fourth quarter, operating expenses were $1.23 billion, up 7.4% year over year. The figure contracted by 40 basis points (bps) from the year-ago quarter’s level as a percentage of net sales to 75.5%. Consequently, the operating margin was 24.5%, which expanded 50 bps from the year-ago quarter. The operating margin for EIG expanded 10 bps year over year to 26.5%. The same for EMG expanded 100 bps from the year-ago quarter’s level to 24.6%. Balance Sheet As of Dec 31, 2022, cash and cash equivalents were $345.4 million, up from $309.9 million as of Sep 30, 2022. Inventories amounted to $1.04 billion at the end of the fourth quarter compared with $1.02 billion at the end of the prior quarter. Long-term debt was $2.16 billion in the reported quarter, up from $2.08 billion in the prior quarter. Guidance For first-quarter 2023, management expects sales growth in mid-single digits from the year-ago quarter’s reported figure. The Zacks Consensus Estimate for fourth-quarter sales is pegged at $1.52 billion. AMETEK expects adjusted earnings of $1.38-$1.42 per share, suggesting growth of 4-7% from the year-ago quarter’s reported number. The consensus mark for the same is pegged at $1.33 per share. For 2023, AME expects sales growth in the mid-single digits from the 2022 reported level. The Zacks Consensus Estimate for 2022 sales is pegged at $6.39 billion. Management anticipates adjusted earnings of $5.84-$6.00, suggesting growth of 3-6% from the 2022 reported level. The Zacks Consensus Estimate for earnings is pegged at $5.85 per share. Zacks Rank & Stocks to Consider AMETEK currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader Zacks Computer & Technology sector are Agilent Technologies A, Arista Networks ANET and Asure Software ASUR. All three companies carry a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here. Agilent has gained 7.6% in the past year. A’s long-term earnings growth rate is projected at 10%. Arista Networks has lost 0.4% in the past year. The long-term earnings growth rate for ANET is projected at 17.5%. Asure Software has gained 45% in the past year. The long-term earnings growth rate for ASUR is projected at 23%. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock And 4 Runners Up Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report AMETEK, Inc. (AME) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

AMETEK, Inc. AME reported fourth-quarter 2022 adjusted earnings of $1.52 per share, beating the Zacks Consensus Estimate by 3.4%. Guidance For first-quarter 2023, management expects sales growth in mid-single digits from the year-ago quarter’s reported figure. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.

AMETEK, Inc. AME reported fourth-quarter 2022 adjusted earnings of $1.52 per share, beating the Zacks Consensus Estimate by 3.4%. AMETEK, Inc. Price, Consensus and EPS Surprise AMETEK, Inc. price-consensus-eps-surprise-chart | AMETEK, Inc. Quote Segments in Detail EIG (71.3% of total sales): AMETEK generated sales of $1.16 billion from the segment, reflecting growth of 10% from the year-ago quarter. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report AMETEK, Inc. (AME) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

AMETEK, Inc. Price, Consensus and EPS Surprise AMETEK, Inc. price-consensus-eps-surprise-chart | AMETEK, Inc. Quote Segments in Detail EIG (71.3% of total sales): AMETEK generated sales of $1.16 billion from the segment, reflecting growth of 10% from the year-ago quarter. AMETEK expects adjusted earnings of $1.38-$1.42 per share, suggesting growth of 4-7% from the year-ago quarter’s reported number. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report AMETEK, Inc. (AME) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

AMETEK, Inc. AME reported fourth-quarter 2022 adjusted earnings of $1.52 per share, beating the Zacks Consensus Estimate by 3.4%. EMG (28.7% of sales): The segment generated $466 million of sales in the fourth quarter, which improved 4% on a year-over-year basis. AMETEK expects adjusted earnings of $1.38-$1.42 per share, suggesting growth of 4-7% from the year-ago quarter’s reported number.

250.0

2023-02-02 00:00:00 UTC

Zacks.com featured highlights Archer-Daniels-Midland, Agilent Technologies, Republic Services, Deere and Cardinal Health

A

https://www.nasdaq.com/articles/zacks.com-featured-highlights-archer-daniels-midland-agilent-technologies-republic

For Immediate Release Chicago, IL – February 2, 2023 – Stocks in this week’s article are Archer-Daniels-Midland Co. ADM, Agilent Technologies A, Republic Services Inc. RSG, Deere & Co. DE and Cardinal Health Inc. CAH. 5 Top Dividend Growth Stocks to Buy in the Month of Love Dividend investing has remained the hottest segment of the stock market over the past year. Though U.S. stocks have resumed their strength this year on easing inflation and the Fed’s slower rate hike bets, recession worries persist. In such a scenario, dividends are major sources of consistent income for investors though they do not offer dramatic price appreciation. Stocks backed by regular dividends can reduce the volatility of a portfolio and tend to outperform in a choppy market. In particular, focusing on the growth level in this strategy leads to higher returns. Honing in on stocks with a history of dividend growth leads to a healthy portfolio, with a greater scope of capital appreciation, as opposed to simple dividend-paying stocks or those with high yields. We have selected five dividend growth stocks — Archer-Daniels-Midland Co., Agilent Technologies, Republic Services Inc., Deere & Co. and Cardinal Health Inc. — that investors would love to buy this month. Why is Dividend Growth Better? Stocks that have a strong history of dividend growth belong to mature companies, which are less susceptible to large swings in the market, and thus act as a hedge against economic or political uncertainty as well as stock market volatility. At the same time, these offer downside protection with their consistent increase in payouts. Additionally, these stocks have superior fundamentals that make dividend growth a quality and promising investment for the long term. These include a sustainable business model, a long track of profitability, rising cash flows, good liquidity, a strong balance sheet and some value characteristics. Further, a history of strong dividend growth indicates that dividend increase is likely in the future. Although these stocks do not necessarily have the highest yields, they have outperformed for a longer period than the broader stock market or any other dividend-paying stock. Here are five of the 21 stocks that fit the bill: Illinois-based Archer-Daniels is one of the leading producers of food and beverage ingredients as well as goods made from various agricultural products. ADM delivered an average earnings surprise of 28.07%. Archer-Daniels has a Zacks Rank #1 and a Growth Score of A. You can see the complete list of today’s Zacks #1 Rank stocks here. California-based Agilent Technologies is an original equipment manufacturer of a broad-based portfolio of test and measurement products serving multiple end markets. The company has an estimated earnings growth rate of 8% for the fiscal year (ending October 2023) and delivered an average earnings surprise of 6.74% for the past four quarters. Currently, A has a Zacks Rank #2 and a Growth Score of B. Arizona-based Republic Services is the second largest provider of non-hazardous solid waste collection, transfer, disposal, recycling, and energy services in the United States. It has an estimated earnings growth rate of 5.4%. Republic Services has a Zacks Rank #2 and a Growth Score of B. Illinois-based Deere & Company is the world’s largest producer of agricultural equipment, manufacturing agricultural machinery since 1837 under the iconic John Deere brand with its signature green and yellow color scheme. The stock saw a solid earnings estimate revision of 3 cents over the past 30 days for the fiscal year (ending October 2023) and has an estimated earnings growth rate of 20.3%. Deere & Company carries a Zacks Rank #2 and a Growth Score of A. Ohio-based Cardinal Health is a nation-wide drug distributor and provider of services to pharmacies, healthcare providers and manufacturers. The company has an estimated earnings growth rate of 4.7% for the fiscal year (ending June 2023). Cardinal Health has a Zacks Rank #2 and a Growth Score of B. You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge. The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out. Click here to sign up for a free trial to the Research Wizard today. For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/2047508/5-top-dividend-growth-stocks-to-buy-in-the-month-of-love Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. About Screen of the Week Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use. Strong Stocks that Should Be in the News Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>. Follow us on Twitter: https://www.twitter.com/zacksresearch Join us on Facebook: https://www.facebook.com/ZacksInvestmentResearch Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates. Contact: Jim Giaquinto Company: Zacks.com Phone: 312-265-9268 Email: pr@zacks.com Visit: https://www.zacks.com/ Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer. Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Archer Daniels Midland Company (ADM) : Free Stock Analysis Report Cardinal Health, Inc. (CAH) : Free Stock Analysis Report Republic Services, Inc. (RSG) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

For Immediate Release Chicago, IL – February 2, 2023 – Stocks in this week’s article are Archer-Daniels-Midland Co. ADM, Agilent Technologies A, Republic Services Inc. RSG, Deere & Co. DE and Cardinal Health Inc. CAH. We have selected five dividend growth stocks — Archer-Daniels-Midland Co., Agilent Technologies, Republic Services Inc., Deere & Co. and Cardinal Health Inc. — that investors would love to buy this month. These include a sustainable business model, a long track of profitability, rising cash flows, good liquidity, a strong balance sheet and some value characteristics.

For Immediate Release Chicago, IL – February 2, 2023 – Stocks in this week’s article are Archer-Daniels-Midland Co. ADM, Agilent Technologies A, Republic Services Inc. RSG, Deere & Co. DE and Cardinal Health Inc. CAH. We have selected five dividend growth stocks — Archer-Daniels-Midland Co., Agilent Technologies, Republic Services Inc., Deere & Co. and Cardinal Health Inc. — that investors would love to buy this month. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Archer Daniels Midland Company (ADM) : Free Stock Analysis Report Cardinal Health, Inc. (CAH) : Free Stock Analysis Report Republic Services, Inc. (RSG) : Free Stock Analysis Report To read this article on Zacks.com click here.

5 Top Dividend Growth Stocks to Buy in the Month of Love Dividend investing has remained the hottest segment of the stock market over the past year. Stocks that have a strong history of dividend growth belong to mature companies, which are less susceptible to large swings in the market, and thus act as a hedge against economic or political uncertainty as well as stock market volatility. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Archer Daniels Midland Company (ADM) : Free Stock Analysis Report Cardinal Health, Inc. (CAH) : Free Stock Analysis Report Republic Services, Inc. (RSG) : Free Stock Analysis Report To read this article on Zacks.com click here.

The company has an estimated earnings growth rate of 4.7% for the fiscal year (ending June 2023). For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/2047508/5-top-dividend-growth-stocks-to-buy-in-the-month-of-love Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use.

251.0

2023-02-01 00:00:00 UTC

Alphabet (GOOGL) Q4 Earnings to Benefit From Google Cloud

A

https://www.nasdaq.com/articles/alphabet-googl-q4-earnings-to-benefit-from-google-cloud

Alphabet’s GOOGL fourth-quarter 2022 results, scheduled to be released on Feb 2, are likely to reflect gains from its strengthening cloud service offerings. The company’s cloud services arm — Google Cloud — has become the key catalyst behind its business growth. Alphabet’s cloud offerings include Google Cloud Platform and Google Workspace, which have been continuously gaining momentum in the booming cloud computing market. Google’s growing investments in infrastructure, security, data management, analytics and AI have been major positives. The Google Cloud segment, which derives revenues from fees collected for Google Cloud Platform services and Google Workspace collaboration tools, has constantly been driving substantial revenue growth for Alphabet. Revenues from the segment were $6.9 billion in third-quarter 2022. The figure accounted for 9.9% of total revenues and exhibited year-over-year growth of 37.6%. For fourth-quarter 2022, the Zacks Consensus Estimate for Google Cloud’s revenues is pegged at $7.25 billion, suggesting growth of 30.8% from the prior-year quarter’s reported figure. Click here to know how the company’s overall fourth-quarter performance is likely to have been. Alphabet Inc. Price and Consensus Alphabet Inc. price-consensus-chart | Alphabet Inc. Quote Factors to Consider Google Cloud is expected to have continued gaining from the growing trend of hybrid work culture. Google’s strengthening efforts toward expanding its cloud services portfolio, data centers, availability zones and regions are likely to have helped it gain share in the highly competitive cloud market. The company’s growing efforts to increase the number of cloud regions and data centers in the Asia-Pacific region are anticipated to have continued to aid its performance in this particular region. Its robust real-time data, analytics and AI, along with its open and scalable cloud infrastructure, is expected to have helped win customers in the fourth quarter. Strengthening cybersecurity solution offerings by Google Cloud is likely to have bolstered its clientele in the quarter under review. In this regard, the company’s Mandiant buyout is expected to have contributed well on the back of its end-to-end security operations suite. GOOGL’s efforts in integrating data lakes, data warehouses, data governance and advanced machine learning into a single platform are expected to have bolstered its prospects in the data cloud market in the to-be-reported quarter. All these endeavors are likely to have contributed well to the fourth-quarter performance of Google Cloud. Zacks Rank & Stocks to Consider Currently, Alphabet has a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader Zacks Computer & Technology sector are Agilent Technologies A, Arista Networks ANET and Asure Software ASUR. All three companies carry a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here. Agilent has gained 7.6% in the past year. A’s long-term earnings growth rate is projected at 10%. Arista Networks has lost 0.4% in the past year. The long-term earnings growth rate for ANET is projected at 17.5%. Asure Software has gained 45% in the past year. The long-term earnings growth rate for ASUR is projected at 23%. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Alphabet’s GOOGL fourth-quarter 2022 results, scheduled to be released on Feb 2, are likely to reflect gains from its strengthening cloud service offerings. For fourth-quarter 2022, the Zacks Consensus Estimate for Google Cloud’s revenues is pegged at $7.25 billion, suggesting growth of 30.8% from the prior-year quarter’s reported figure. Its robust real-time data, analytics and AI, along with its open and scalable cloud infrastructure, is expected to have helped win customers in the fourth quarter.

Alphabet’s cloud offerings include Google Cloud Platform and Google Workspace, which have been continuously gaining momentum in the booming cloud computing market. Some better-ranked stocks in the broader Zacks Computer & Technology sector are Agilent Technologies A, Arista Networks ANET and Asure Software ASUR. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

Alphabet’s cloud offerings include Google Cloud Platform and Google Workspace, which have been continuously gaining momentum in the booming cloud computing market. The Google Cloud segment, which derives revenues from fees collected for Google Cloud Platform services and Google Workspace collaboration tools, has constantly been driving substantial revenue growth for Alphabet. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

The Google Cloud segment, which derives revenues from fees collected for Google Cloud Platform services and Google Workspace collaboration tools, has constantly been driving substantial revenue growth for Alphabet. For fourth-quarter 2022, the Zacks Consensus Estimate for Google Cloud’s revenues is pegged at $7.25 billion, suggesting growth of 30.8% from the prior-year quarter’s reported figure. Google’s strengthening efforts toward expanding its cloud services portfolio, data centers, availability zones and regions are likely to have helped it gain share in the highly competitive cloud market.

252.0

2023-02-01 00:00:00 UTC

Will Amazon's (AMZN) Q4 Earnings Benefit From AWS Momentum?

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https://www.nasdaq.com/articles/will-amazons-amzn-q4-earnings-benefit-from-aws-momentum-0

Amazon’s AMZN fourth-quarter 2022 results, which are scheduled to be released on Feb 2, are likely to reflect gains from its strengthening cloud service offerings. The cloud computing division, Amazon Web Services (“AWS”), dominates the cloud market on the back of its growing adoption and popularity. This is anticipated to get reflected in the company’s fourth-quarter results. We note that the solid momentum across AWS has been aiding Amazon in generating high margins from the cloud business. The trend is expected to have continued in the to-be-reported quarter. AWS revenues were $20.5 billion, accounting for 16% of net sales in third-quarter 2022, rising 27% year over year. We further note that AWS’s operating income improved 10.6% from the year-ago quarter to $5.4 billion. An expanding customer base and a strong discount offering for long-term deals are likely to have driven AWS’s top line in the quarter under review. The Zacks Consensus Estimate for fourth-quarter 2022 AWS net sales is pegged at $21.68 billion, indicating an improvement of 21.9% from the year-ago quarter’s reported figure. Click here to know how the company’s overall fourth-quarter performance is likely to have been. Amazon.com, Inc. Price and Consensus Amazon.com, Inc. price-consensus-chart | Amazon.com, Inc. Quote Factors to Note In the fourth quarter, Amazon expanded the cloud services portfolio by unveiling and making several AWS services generally available. The company introduced AWS Clean Rooms, AWS Supply Chain, AWS SimSpace Weaver, Amazon Security Lake and Amazon DataZone, to name a few. Its expanding data center network, and an increasing number of AWS regions and availability zones are likely to have acted as tailwinds. In the quarter under review, the company launched an infrastructure region in Switzerland, namely, AWS Europe (Zurich). Also, it launched an infrastructure region in Spain, namely AWS Europe (Spain), which marked AWS’s eighth region in Europe. The company launched its second AWS region in India, which is located in Hyderabad. Notably, solid portfolio strength and an increasing number of infrastructure regions are likely to have helped AWS sustain its dominance in the cloud market by helping it sustain momentum among existing customers as well as attract new ones. In the quarter under review, AWS was picked by Brookfield Asset Management, American Family Insurance and Stability AI as the preferred cloud provider. Also, Yahoo and Atos selected AWS as preferred public cloud provider and preferred enterprise cloud provider, respectively. Descartes Labs and Wallbox went all-in on AWS in the fourth quarter. Slalom recently extended its global Strategic Collaboration Agreement with AWS. Also, Duke Energy entered a multi-year collaboration with AWS to build new smart grid software and services. The impacts of the strengthening customer base are likely to have driven AWS's top-line growth in the fourth quarter. Zacks Rank & Stocks to Consider Currently, Amazon has a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader Zacks Computer & Technology sector are Agilent Technologies A, Arista Networks ANET and Asure Software ASUR. All three stocks carry a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here. Agilent has gained 7.6% in the past year. A’s long-term earnings growth rate is projected at 10%. Arista Networks has lost 0.4% in the past year. The long-term earnings growth rate for ANET is projected at 17.5%. Asure Software has gained 45% in the past year. The long-term earnings growth rate for ASUR is projected at 23%. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

An expanding customer base and a strong discount offering for long-term deals are likely to have driven AWS’s top line in the quarter under review. The Zacks Consensus Estimate for fourth-quarter 2022 AWS net sales is pegged at $21.68 billion, indicating an improvement of 21.9% from the year-ago quarter’s reported figure. In the quarter under review, AWS was picked by Brookfield Asset Management, American Family Insurance and Stability AI as the preferred cloud provider.

The Zacks Consensus Estimate for fourth-quarter 2022 AWS net sales is pegged at $21.68 billion, indicating an improvement of 21.9% from the year-ago quarter’s reported figure. Some better-ranked stocks in the broader Zacks Computer & Technology sector are Agilent Technologies A, Arista Networks ANET and Asure Software ASUR. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

The company introduced AWS Clean Rooms, AWS Supply Chain, AWS SimSpace Weaver, Amazon Security Lake and Amazon DataZone, to name a few. Also, it launched an infrastructure region in Spain, namely AWS Europe (Spain), which marked AWS’s eighth region in Europe. Click to get this free report Amazon.com, Inc. (AMZN) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

In the quarter under review, the company launched an infrastructure region in Switzerland, namely, AWS Europe (Zurich). The impacts of the strengthening customer base are likely to have driven AWS's top-line growth in the fourth quarter. Asure Software has gained 45% in the past year.

253.0

2023-01-31 00:00:00 UTC

National Instruments (NATI) Misses Q4 Earnings and Revenue Estimates

A

https://www.nasdaq.com/articles/national-instruments-nati-misses-q4-earnings-and-revenue-estimates

National Instruments (NATI) came out with quarterly earnings of $0.63 per share, missing the Zacks Consensus Estimate of $0.65 per share. This compares to earnings of $0.60 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -3.08%. A quarter ago, it was expected that this maker of scientific measuring equipment and software would post earnings of $0.55 per share when it actually produced earnings of $0.53, delivering a surprise of -3.64%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. National Instruments, which belongs to the Zacks Electronics - Testing Equipment industry, posted revenues of $448.28 million for the quarter ended December 2022, missing the Zacks Consensus Estimate by 1.53%. This compares to year-ago revenues of $420.64 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. National Instruments shares have added about 47% since the beginning of the year versus the S&P 500's gain of 4.6%. What's Next for National Instruments? While National Instruments has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for National Instruments: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.49 on $418.43 million in revenues for the coming quarter and $2.46 on $1.8 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Electronics - Testing Equipment is currently in the top 41% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, Agilent Technologies (A), is yet to report results for the quarter ended January 2023. This scientific instrument maker is expected to post quarterly earnings of $1.31 per share in its upcoming report, which represents a year-over-year change of +8.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Agilent Technologies' revenues are expected to be $1.69 billion, up 1.1% from the year-ago quarter. Free Report Reveals How You Could Profit from the Growing Electric Vehicle Industry Globally, electric car sales continue their remarkable growth even after breaking records in 2021. High gas prices have fueled his demand, but so has evolving EV comfort, features and technology. So, the fervor for EVs will be around long after gas prices normalize. Not only are manufacturers seeing record-high profits, but producers of EV-related technology are raking in the dough as well. Do you know how to cash in? If not, we have the perfect report for you – and it’s FREE! Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation. >>Send me my free report on the top 5 EV stocks Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report National Instruments Corporation (NATI) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. This scientific instrument maker is expected to post quarterly earnings of $1.31 per share in its upcoming report, which represents a year-over-year change of +8.3%. Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation.

National Instruments, which belongs to the Zacks Electronics - Testing Equipment industry, posted revenues of $448.28 million for the quarter ended December 2022, missing the Zacks Consensus Estimate by 1.53%. The current consensus EPS estimate is $0.49 on $418.43 million in revenues for the coming quarter and $2.46 on $1.8 billion in revenues for the current fiscal year. Click to get this free report National Instruments Corporation (NATI) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report To read this article on Zacks.com click here.

National Instruments (NATI) came out with quarterly earnings of $0.63 per share, missing the Zacks Consensus Estimate of $0.65 per share. National Instruments, which belongs to the Zacks Electronics - Testing Equipment industry, posted revenues of $448.28 million for the quarter ended December 2022, missing the Zacks Consensus Estimate by 1.53%. Click to get this free report National Instruments Corporation (NATI) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report To read this article on Zacks.com click here.

National Instruments (NATI) came out with quarterly earnings of $0.63 per share, missing the Zacks Consensus Estimate of $0.65 per share. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. >>Send me my free report on the top 5 EV stocks Want the latest recommendations from Zacks Investment Research?

254.0

2023-01-31 00:00:00 UTC

NXP Semiconductors (NXPI) Q4 Earnings Beat, Revenues Rise Y/Y

A

https://www.nasdaq.com/articles/nxp-semiconductors-nxpi-q4-earnings-beat-revenues-rise-y-y-0

NXP Semiconductors N.V. NXPI reported fourth-quarter 2022 non-GAAP earnings of $3.73 per share, which outpaced the Zacks Consensus Estimate by 3.6%. Further, the figure increased 21.1% year over year. Revenues of $3.31 billion surpassed the Zacks Consensus Estimate of $3.28 billion. The figure was up 9% from the year-ago period’s level. It also came within the management’s guided range of $3.2-$3.4 billion. Top-line growth was driven by strong momentum across the Automotive, Mobile and Communication Infrastructure & Others end markets in the reported quarter. End-Market Detail Automotive generated $1.81 billion in revenues (54.5% of total revenues), reflecting a year-over-year increase of 17%. Growth was driven by innovation in systems solutions. Revenues from Industrial & IoT were $605 million (18.3% of total revenues), down 8% from the prior-year quarter’s level. Softening demand environment in the IoT market was a headwind. Revenues from Mobile were $408 million (12.3% of total revenues), up 9% from the year-ago period’s level. The increment in revenues was driven by an increased attach rate. Communication Infrastructure & Others generated $494 million in revenues (14.9% of total revenues), up 8% year over year. The new cellular standards contributed well to segmental growth. NXP Semiconductors N.V. Price, Consensus and EPS Surprise NXP Semiconductors N.V. price-consensus-eps-surprise-chart | NXP Semiconductors N.V. Quote Operating Results The non-GAAP gross margin was 58%, which expanded 70 basis points (bps) from the year-ago quarter’s level. Research and development (R&D) expenses were $540 million, up 6.5% year over year. Selling, general and administrative (SG&A) expenses increased 1.6% year over year to $261 million. As a percentage of revenues, R&D expenses contracted 40 bps year over year to 16.3% and SG&A expenses contracted 50 bps year over year to 7.9%. The non-GAAP operating margin of 36.5% for the reported quarter expanded 160 bps from the prior-year period’s figure. Balance Sheet & Cash Flow As of Dec 31, 2022, cash and cash equivalent balance was $3.84 billion, up from $3.76 million as of Oct 2, 2022. Inventories were $1.78 billion at the end of the fourth quarter of 2022, up from $1.58 billion at the end of third-quarter 2022. Accounts receivables decreased to $960 million from $1.01 billion in the previous quarter. Long-term debt was $11.165 billion at the end of the quarter under review compared with $11.162 billion at the end of the last-reported quarter. NXPI generated a cash flow of $1.08 billion in the fourth quarter of 2022, down from $1.14 billion in the previous quarter. The company’s capex investment stood at $233 million in the reported quarter. NXPI generated a free cash flow of $843 million in the fourth quarter. During the fourth quarter, the company repurchased shares worth $475 million and made dividend payments of $221 million. Guidance For first-quarter 2023, NXP Semiconductors expects revenues of $2.9-$3.1 billion, suggesting a decline of 8-1% from the year-ago quarter’s reported figure. The Zacks Consensus Estimate for revenues is pegged at $3.13 billion. Further, it expects a non-GAAP gross margin between 57.5% and 58.5%. The non-GAAP operating margin is anticipated to be between 33.4% and 35.3%. The company anticipates non-GAAP earnings within the range of $2.82-$3.22 per share. The Zacks Consensus Estimate for the same is pegged at $3.09 per share. Zacks Rank & Stocks to Consider Currently, NXP Semiconductors has a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader Zacks Computer & Technology sector are Agilent Technologies A, Arista Networks ANET and Asure Software ASUR. Agilent Technologies sports a Zacks Rank #1 (Strong Buy), while Arista Networks and Asure Software carry a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here. Agilent has gained 7.6% in the past year. A’s long-term earnings growth rate is currently projected at 10%. Arista Networks has lost 0.4% in the past year. The long-term earnings growth rate for ANET is currently projected at 17.5%. Asure Software has gained 45% in the past year. The long-term earnings growth rate for ASUR is currently projected at 23%. Free Report Reveals How You Could Profit from the Growing Electric Vehicle Industry Globally, electric car sales continue their remarkable growth even after breaking records in 2021. High gas prices have fueled his demand, but so has evolving EV comfort, features and technology. So, the fervor for EVs will be around long after gas prices normalize. Not only are manufacturers seeing record-high profits, but producers of EV-related technology are raking in the dough as well. Do you know how to cash in? If not, we have the perfect report for you – and it’s FREE! Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation. >>Send me my free report on the top 5 EV stocks Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report NXP Semiconductors N.V. (NXPI) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Top-line growth was driven by strong momentum across the Automotive, Mobile and Communication Infrastructure & Others end markets in the reported quarter. Guidance For first-quarter 2023, NXP Semiconductors expects revenues of $2.9-$3.1 billion, suggesting a decline of 8-1% from the year-ago quarter’s reported figure. Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation.

NXP Semiconductors N.V. Price, Consensus and EPS Surprise NXP Semiconductors N.V. price-consensus-eps-surprise-chart | NXP Semiconductors N.V. Quote Operating Results The non-GAAP gross margin was 58%, which expanded 70 basis points (bps) from the year-ago quarter’s level. Agilent Technologies sports a Zacks Rank #1 (Strong Buy), while Arista Networks and Asure Software carry a Zacks Rank #2 (Buy) at present. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report NXP Semiconductors N.V. (NXPI) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

NXP Semiconductors N.V. Price, Consensus and EPS Surprise NXP Semiconductors N.V. price-consensus-eps-surprise-chart | NXP Semiconductors N.V. Quote Operating Results The non-GAAP gross margin was 58%, which expanded 70 basis points (bps) from the year-ago quarter’s level. As a percentage of revenues, R&D expenses contracted 40 bps year over year to 16.3% and SG&A expenses contracted 50 bps year over year to 7.9%. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report NXP Semiconductors N.V. (NXPI) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

NXPI generated a cash flow of $1.08 billion in the fourth quarter of 2022, down from $1.14 billion in the previous quarter. NXPI generated a free cash flow of $843 million in the fourth quarter. >>Send me my free report on the top 5 EV stocks Want the latest recommendations from Zacks Investment Research?

255.0

2023-01-31 00:00:00 UTC

Zacks.com featured highlights Philip Morris International, Kroger, Expedia Group, Lyft and Agilent Technologies

A

https://www.nasdaq.com/articles/zacks.com-featured-highlights-philip-morris-international-kroger-expedia-group-lyft-and

For Immediate Release Chicago, IL – January 31, 2023 – Stocks in this week’s article are Philip Morris International Inc. PM, The Kroger Co. KR, Expedia Group, Inc. EXPE, Lyft, Inc. LYFT and Agilent Technologies, Inc. A. 5 Stocks with Upgraded Broker Ratings for Solid Returns in 2023 As the year 2022 ended on a grim note, it’s time for investors to re-assess their portfolio and investment strategy for 2023. While the recent economic data point to some effectiveness of the Federal Reserve’s ultra-aggressive monetary tightening, we are still not out of the woods. The central bank is expected to keep interest rates high till inflation comes down reasonably. This has made investors cautious, as higher rates will likely lead to a recession/economic slowdown this year. The bearish sentiments are leading to huge market volatility, making it difficult for individual investors to pick stocks independently and generate solid returns. One way to choose the right stocks in the current situation is to follow rating upgrades by brokers. In this regard, stocks like Philip Morris International Inc., The Kroger Co., Expedia Group, Inc., Lyft, Inc. and Agilent Technologies, Inc. are worth a look. As brokers directly communicate with the top management, they have a deeper understanding of what is happening in a particular company. They meticulously assess companies’ publicly available documents and even attend conference calls. Brokers have an extra understanding of the overall sector and industry. They place company fundamentals against the current economic backdrop to determine how a particular stock will fare as an investment. Hence, when brokers upgrade a stock, you can rely on their judgment. But solely depending on broker upgrades is not a good way to build your investment portfolio. Several other factors should be taken into consideration to ensure steady returns. Here are five of the 31 stocks that qualified for the screening: New York-based Philip Morris manufactures and sells cigarettes, other tobacco products and other nicotine-containing products outside the United States. PM is also engaged in the development and commercialization of reduced-risk products, which generally are less harmful than cigarette smoking. Philip Morris’ 2023 earnings are projected to grow 1.9%. The company, carrying a Zacks Rank #2 at present, has witnessed an 18.2% upward revision in broker ratings over the past four weeks. Cincinnati, OH-based Kroger operates supermarkets under banners including Kroger, City Market, Dillons, Food 4 Less, Fred Meyer, Fry's, Harris Teeter, Jay C, King Soopers, Mariano's, Pick 'n Save, QFC, Ralphs and Smith's. Further, KR manufactures and processes certain food products sold in its supermarkets. The company’s earnings for fiscal 2024 are expected to increase 1.9%. Kroger, currently sporting a Zacks Rank #1, has witnessed a 6.3% upward revision in broker ratings over the past four weeks. Headquartered in Seattle, WA, Expedia is one of the largest online travel companies in the world. EXPE’s web portals focus on travel planning, travel purchases and travel experience sharing, thus bringing suppliers and consumers of travel-related services together. Expedia’s 2023 earnings are projected to rise 23.8%. The company, sporting a Zacks Rank #1 at present, has witnessed a 5% upward revision in broker ratings over the past four weeks. Lyft, based in San Francisco, CA, operates multimodal transportation networks in the United States and Canada. LYFT is a peer-to-peer marketplace for on-demand ridesharing. Lyft’s 2023 earnings are projected to surge 120.3%. The company, carrying a Zacks Rank #2 at present, has witnessed a 3.4% upward revision in broker ratings over the past four weeks. Palo Alto, CA-based Agilent was originally a spin-off from Hewlett-Packard. The company is an original equipment manufacturer of a broad-based portfolio of test and measurement products serving multiple end markets. A’s earnings for fiscal 2023 are expected to increase 8.1%. Agilent, currently carrying a Zacks Rank #2, has witnessed an 8.3% upward revision in broker ratings over the past four weeks. Get the rest of the stocks on the list and start putting this and other ideas to the test. It can all be done with the Research Wizard stock picking and backtesting software. The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out. Click here to sign up for a free trial to the Research Wizard today. For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/2046080/5-stocks-with-upgraded-broker-ratings-for-solid-returns-in-2023 Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. About Screen of the Week Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use. Strong Stocks that Should Be in the News Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>. Follow us on Twitter: https://www.twitter.com/zacksresearch Join us on Facebook: https://www.facebook.com/ZacksInvestmentResearch Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates. Contact: Jim Giaquinto Company: Zacks.com Phone: 312-265-9268 Email: pr@zacks.com Visit: https://www.zacks.com/ Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer. Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release. Free Report Reveals How You Could Profit from the Growing Electric Vehicle Industry Globally, electric car sales continue their remarkable growth even after breaking records in 2021. High gas prices have fueled his demand, but so has evolving EV comfort, features and technology. So, the fervor for EVs will be around long after gas prices normalize. Not only are manufacturers seeing record-high profits, but producers of EV-related technology are raking in the dough as well. Do you know how to cash in? If not, we have the perfect report for you – and it’s FREE! Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation. >>Send me my free report on the top 5 EV stocks Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Philip Morris International Inc. (PM) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report The Kroger Co. (KR) : Free Stock Analysis Report Expedia Group, Inc. (EXPE) : Free Stock Analysis Report Lyft, Inc. (LYFT) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

5 Stocks with Upgraded Broker Ratings for Solid Returns in 2023 As the year 2022 ended on a grim note, it’s time for investors to re-assess their portfolio and investment strategy for 2023. The bearish sentiments are leading to huge market volatility, making it difficult for individual investors to pick stocks independently and generate solid returns. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security.

For Immediate Release Chicago, IL – January 31, 2023 – Stocks in this week’s article are Philip Morris International Inc. PM, The Kroger Co. KR, Expedia Group, Inc. EXPE, Lyft, Inc. LYFT and Agilent Technologies, Inc. A. In this regard, stocks like Philip Morris International Inc., The Kroger Co., Expedia Group, Inc., Lyft, Inc. and Agilent Technologies, Inc. are worth a look. Click to get this free report Philip Morris International Inc. (PM) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report The Kroger Co. (KR) : Free Stock Analysis Report Expedia Group, Inc. (EXPE) : Free Stock Analysis Report Lyft, Inc. (LYFT) : Free Stock Analysis Report To read this article on Zacks.com click here.

For Immediate Release Chicago, IL – January 31, 2023 – Stocks in this week’s article are Philip Morris International Inc. PM, The Kroger Co. KR, Expedia Group, Inc. EXPE, Lyft, Inc. LYFT and Agilent Technologies, Inc. A. >>Send me my free report on the top 5 EV stocks Want the latest recommendations from Zacks Investment Research? Click to get this free report Philip Morris International Inc. (PM) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report The Kroger Co. (KR) : Free Stock Analysis Report Expedia Group, Inc. (EXPE) : Free Stock Analysis Report Lyft, Inc. (LYFT) : Free Stock Analysis Report To read this article on Zacks.com click here.

5 Stocks with Upgraded Broker Ratings for Solid Returns in 2023 As the year 2022 ended on a grim note, it’s time for investors to re-assess their portfolio and investment strategy for 2023. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. >>Send me my free report on the top 5 EV stocks Want the latest recommendations from Zacks Investment Research?

256.0

2023-01-30 00:00:00 UTC

5 Stocks With Upgraded Broker Ratings for Solid Returns in 2023

A

https://www.nasdaq.com/articles/5-stocks-with-upgraded-broker-ratings-for-solid-returns-in-2023

As the year 2022 ended on a grim note, it’s time for investors to re-assess their portfolio and investment strategy for 2023. While the recent economic data point to some effectiveness of the Federal Reserve’s ultra-aggressive monetary tightening, we are still not out of the woods. The central bank is expected to keep interest rates high till inflation comes down reasonably. This has made investors cautious, as higher rates will likely lead to a recession/economic slowdown this year. The bearish sentiments are leading to huge market volatility, making it difficult for individual investors to pick stocks independently and generate solid returns. One way to choose the right stocks in the current situation is to follow rating upgrades by brokers. In this regard, stocks like Philip Morris International Inc. PM, The Kroger Co. KR, Expedia Group, Inc. EXPE, Lyft, Inc. LYFT and Agilent Technologies, Inc. A are worth a look. As brokers directly communicate with the top management, they have a deeper understanding of what is happening in a particular company. They meticulously assess companies’ publicly available documents and even attend conference calls. Brokers have an extra understanding of the overall sector and industry. They place company fundamentals against the current economic backdrop to determine how a particular stock will fare as an investment. Hence, when brokers upgrade a stock, you can rely on their judgment. But solely depending on broker upgrades is not a good way to build your investment portfolio. Several other factors should be taken into consideration to ensure steady returns. Selecting the Winning Strategy We have a screening strategy that will help you in your search for potential winners: Broker Rating Upgrades (Four Weeks) of 1% or More: The screen selects stocks that have witnessed broker rating upgrades of 1% or more over the last four weeks. Current Price Greater Than $5: The stocks must trade above $5. Average 20-Day Volume Greater Than 100,000: A large trading volume guarantees that the stock is easily tradable. Zacks Rank Equal to #1 or 2: Despite good or bad market conditions, stocks with a Zacks Rank #1 (Strong Buy) or 2 (Buy) have a proven record of success. You can see the complete list of today’s Zacks #1 Rank stocks here. VGM Score of A or B: Our research shows that stocks with a VGM Score of A or B, when combined with a Zacks Rank #1 or 2, offer the best upside potential. Here are five of the 31 stocks that qualified for the screening: New York-based Philip Morris manufactures and sells cigarettes, other tobacco products and other nicotine-containing products outside the United States. PM is also engaged in the development and commercialization of reduced-risk products, which generally are less harmful than cigarette smoking. Philip Morris’ 2023 earnings are projected to grow 1.9%. The company, carrying a Zacks Rank #2 at present, has witnessed an 18.2% upward revision in broker ratings over the past four weeks. Cincinnati, OH-based Kroger operates supermarkets under banners including Kroger, City Market, Dillons, Food 4 Less, Fred Meyer, Fry's, Harris Teeter, Jay C, King Soopers, Mariano's, Pick 'n Save, QFC, Ralphs and Smith's. Further, KR manufactures and processes certain food products sold in its supermarkets. The company’s earnings for fiscal 2024 are expected to increase 1.9%. Kroger, currently sporting a Zacks Rank #1, has witnessed a 6.3% upward revision in broker ratings over the past four weeks. Headquartered in Seattle, WA, Expedia is one of the largest online travel companies in the world. EXPE’s web portals focus on travel planning, travel purchases and travel experience sharing, thus bringing suppliers and consumers of travel-related services together. Expedia’s 2023 earnings are projected to rise 23.8%. The company, sporting a Zacks Rank #1 at present, has witnessed a 5% upward revision in broker ratings over the past four weeks. Lyft, based in San Francisco, CA, operates multimodal transportation networks in the United States and Canada. LYFT is a peer-to-peer marketplace for on-demand ridesharing. Lyft’s 2023 earnings are projected to surge 120.3%. The company, carrying a Zacks Rank #2 at present, has witnessed a 3.4% upward revision in broker ratings over the past four weeks. Palo Alto, CA-based Agilent was originally a spin-off from Hewlett-Packard. The company is an original equipment manufacturer of a broad-based portfolio of test and measurement products serving multiple end markets. A’s earnings for fiscal 2023 are expected to increase 8.1%. Agilent, currently carrying a Zacks Rank #2, has witnessed an 8.3% upward revision in broker ratings over the past four weeks. Get the rest of the stocks on the list and start putting this and other ideas to the test. It can all be done with the Research Wizard stock picking and backtesting software. The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out. Click here to sign up for a free trial to the Research Wizard today. Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. Disclosure: Performance information for Zacks’ portfolios and strategies are available at: https://www.zacks.com/performance Just Released: Zacks Top 10 Stocks for 2023 In addition to the investment ideas discussed above, would you like to know about our 10 top picks for 2023? From inception in 2012 through November, the Zacks Top 10 Stocks portfolio has tripled the market, gaining an impressive +884.5% versus the S&P 500’s +287.4%. Our Director of Research has now combed through 4,000 companies covered by the Zacks Rank and handpicked the best 10 tickers to buy and hold in 2023. Don’t miss your chance to still be among the first to get in on these just-released stocks. See New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Philip Morris International Inc. (PM) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report The Kroger Co. (KR) : Free Stock Analysis Report Expedia Group, Inc. (EXPE) : Free Stock Analysis Report Lyft, Inc. (LYFT) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The bearish sentiments are leading to huge market volatility, making it difficult for individual investors to pick stocks independently and generate solid returns. The company, carrying a Zacks Rank #2 at present, has witnessed an 18.2% upward revision in broker ratings over the past four weeks. The company is an original equipment manufacturer of a broad-based portfolio of test and measurement products serving multiple end markets.

In this regard, stocks like Philip Morris International Inc. PM, The Kroger Co. KR, Expedia Group, Inc. EXPE, Lyft, Inc. LYFT and Agilent Technologies, Inc. A are worth a look. Kroger, currently sporting a Zacks Rank #1, has witnessed a 6.3% upward revision in broker ratings over the past four weeks. Click to get this free report Philip Morris International Inc. (PM) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report The Kroger Co. (KR) : Free Stock Analysis Report Expedia Group, Inc. (EXPE) : Free Stock Analysis Report Lyft, Inc. (LYFT) : Free Stock Analysis Report To read this article on Zacks.com click here.

Broker Rating Upgrades (Four Weeks) of 1% or More: The screen selects stocks that have witnessed broker rating upgrades of 1% or more over the last four weeks. Disclosure: Performance information for Zacks’ portfolios and strategies are available at: https://www.zacks.com/performance Just Released: Zacks Top 10 Stocks for 2023 In addition to the investment ideas discussed above, would you like to know about our 10 top picks for 2023? Click to get this free report Philip Morris International Inc. (PM) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report The Kroger Co. (KR) : Free Stock Analysis Report Expedia Group, Inc. (EXPE) : Free Stock Analysis Report Lyft, Inc. (LYFT) : Free Stock Analysis Report To read this article on Zacks.com click here.

Broker Rating Upgrades (Four Weeks) of 1% or More: The screen selects stocks that have witnessed broker rating upgrades of 1% or more over the last four weeks. New York-based Philip Morris manufactures and sells cigarettes, other tobacco products and other nicotine-containing products outside the United States. See New Top 10 Stocks >> Want the latest recommendations from Zacks Investment Research?

257.0

2023-01-27 00:00:00 UTC

KLA's (KLAC) Q2 Earnings & Revenues Top Estimates, Rise Y/Y

A

https://www.nasdaq.com/articles/klas-klac-q2-earnings-revenues-top-estimates-rise-y-y

KLA Corporation KLAC reported second-quarter fiscal 2023 earnings per share of $7.38, beating the Zacks Consensus Estimate by 4.2%. The figure was up 32% from the year-ago fiscal quarter’s level. Also, it was within the management’s guidance of $6.30 to $7.70. Revenues increased 26.8% on a year-over-year basis to $2.984 billion, surpassing the Zacks Consensus Estimate of $2.83 billion. The reported figure also exceeded the management’s guidance of $2.65 million to $2.95 million. Strong momentum across the Semiconductor Process Control and Specialty Semiconductor Process segments drove the quarterly results. Further, robust performance delivered by wafer inspection, patterning and services businesses contributed well. However, weakness in the PCB, Display and Component Inspection segments was a concern. KLA Corporation Price, Consensus and EPS Surprise KLA Corporation price-consensus-eps-surprise-chart | KLA Corporation Quote Top-Line Details Products revenues (accounting for 82.6% of total revenues) increased by 29.9% year over year to $2.46 billion. Services revenues (17.4% of total revenues) were up 14% from the year-ago quarter’s reading to $520.5 million. Growth in Services revenues is attributed to the growing installed base, strengthening momentum across long-term service agreements and solid prospects in legacy nodes. In terms of reportable segments, Semiconductor Process Control revenues (89% of total revenues) increased by 29% year-over-year to $2.66 billion, driven by strength in Foundry & Logic. Foundry & Logic accounted for 77%, while Memory constituted about 23% of semiconductor process control systems’ revenues. Specialty Semiconductor Process revenues (5%) were $158 million, up 40% year over year. Strong customer demand in both Semiconductor Process Control and Specialty Semiconductor Process segments was a tailwind. PCB, Display and Component Inspection revenues (6%) declined 10% from the year-ago quarter’s actuals to $170 million. The decline was due to a sluggish consumer electronics market. Regarding revenue breakdown by major products, Wafer Inspection, Patterning systems, including metrology and reticle inspection and Specialty Semiconductor Process accounted for 42%, 29% and 5% of KLA’s total revenues for the fiscal second quarter and grew 14%, 69% and 39% year over year, respectively. PCB, Display and Component Inspection accounted for 4%, while Service represented 17% and Other — reported in the Semiconductor Process Control segment — constituted 3% of the quarterly revenues. Notably, Services and Other revenues were up 14% and 63% year-over-year, while PCB, Display and Component Inspection were down 11% in terms of major product group. In terms of regional breakdown of revenues, China, Taiwan and Korea accounted for 23%, 26% and 20% of the total revenues for the fiscal second quarter, respectively. Further, North America, Japan, Europe and South East Asia accounted for 12%, 9%, 6% and 4%, respectively. Operating Details Non-GAAP gross margin contracted 210 basis points (bps) from the prior-year quarter’s level to 61%. This was attributed to increasing non-cash inventory reserves. Research and development (R&D) expenses increased by 25.6% year-over-year to $332.8 million. Selling, general and administrative (SG&A) expenses also increased by 13.9% year-over-year to $243.1 million. As a percentage of sales, R&D expenses contracted 20 bps year over year to 11.1%, while SG&A expenses contracted 100 bps from the year-ago figure to 8.1%. For the reported quarter, non-GAAP operating margin was 42.4%, contracting 100 bps year over year. Balance Sheet As of Dec 31, 2022, cash, cash equivalents and marketable securities totaled $2.87 billion compared with $2.95 billion on Sep 30, 2022. Long-term debt at the end of fiscal second-quarter was $6.1 billion compared with $6.3 billion in the previous quarter. Cash flow from operating activities was $688.3 million for the reported quarter, down from $1.01 billion in the prior quarter. Free cash flow was $594.6 million for the fiscal second quarter. During the fiscal second quarter, KLAC paid out $184.2 million as dividends and repurchased $355 million worth shares. Third-Quarter Fiscal 2023 Guidance For third-quarter fiscal 2023, revenues are expected between $2.2 billion and $2.5 billion. The Zacks Consensus Estimate for revenues is pegged at $2.53 billion. KLA expects non-GAAP EPS within $4.52-$5.92. The Zacks Consensus Estimate for non-GAAP EPS is pegged at $5.83. Management expects non-GAAP gross margin in the range of 60.5-62.5%. Zacks Rank & Stocks to Consider Currently, KLA carries a Zacks Rank #3 (Buy). Some better-ranked stocks in the broader Zacks Computer & Technology sector are Agilent Technologies A, Arista Networks ANET and Asure Software ASUR. All three stocks carry a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here. Agilent has gained 10.5% in the past year. A’s long-term earnings growth rate is currently projected at 10%. Arista Networks has lost 5.7% in the past year. The long-term earnings growth rate for ANET is currently projected at 17.5%. Asure Software has gained 35.8% in the past year. The long-term earnings growth rate for ASUR is currently projected at 23%. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report KLA Corporation (KLAC) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

KLA Corporation KLAC reported second-quarter fiscal 2023 earnings per share of $7.38, beating the Zacks Consensus Estimate by 4.2%. PCB, Display and Component Inspection accounted for 4%, while Service represented 17% and Other — reported in the Semiconductor Process Control segment — constituted 3% of the quarterly revenues. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.

KLA Corporation Price, Consensus and EPS Surprise KLA Corporation price-consensus-eps-surprise-chart | KLA Corporation Quote Top-Line Details Products revenues (accounting for 82.6% of total revenues) increased by 29.9% year over year to $2.46 billion. In terms of reportable segments, Semiconductor Process Control revenues (89% of total revenues) increased by 29% year-over-year to $2.66 billion, driven by strength in Foundry & Logic. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report KLA Corporation (KLAC) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

KLA Corporation Price, Consensus and EPS Surprise KLA Corporation price-consensus-eps-surprise-chart | KLA Corporation Quote Top-Line Details Products revenues (accounting for 82.6% of total revenues) increased by 29.9% year over year to $2.46 billion. Regarding revenue breakdown by major products, Wafer Inspection, Patterning systems, including metrology and reticle inspection and Specialty Semiconductor Process accounted for 42%, 29% and 5% of KLA’s total revenues for the fiscal second quarter and grew 14%, 69% and 39% year over year, respectively. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report KLA Corporation (KLAC) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

Revenues increased 26.8% on a year-over-year basis to $2.984 billion, surpassing the Zacks Consensus Estimate of $2.83 billion. Specialty Semiconductor Process revenues (5%) were $158 million, up 40% year over year. For the reported quarter, non-GAAP operating margin was 42.4%, contracting 100 bps year over year.

258.0

2023-01-27 00:00:00 UTC

Zacks Investment Ideas feature highlights: Chevron, Kinder Morgan, Agilent Technologies, Apple and Microsoft

A

https://www.nasdaq.com/articles/zacks-investment-ideas-feature-highlights%3A-chevron-kinder-morgan-agilent-technologies

For Immediate Release Chicago, IL – January 27, 2023 – Today, Zacks Investment Ideas feature highlights Chevron CVX, Kinder Morgan KMI, Agilent Technologies A, Apple AAPL and Microsoft MSFT. These 3 Companies Can't Get Enough of Their Own Stock Stock buybacks, also regularly known as share repurchase programs, are a common strategy we see implemented by companies. There are several reasons companies elect to buy back their stock; they've decided to utilize excess cash, they want to limit dilution caused by employee stock option programs, or simply because they believe their shares are undervalued. Three companies –Chevron,Kinder Morgan and Agilent Technologies – have all announced repurchase programs in 2023. Below is a chart illustrating the performance of all three over the last year, with the S&P 500 blended in as a benchmark. Let's take a closer look at how each one stacks up. Chevron Chevron is one of the world's largest publicly traded oil and gas companies, with operations that span almost every corner of the globe. Yesterday, the company announced a sizable $75 billion share repurchase program. The recent surge in energy prices has benefitted the company in a big way; CVX reported free cash flow of a steep $12.3 billion in its latest quarter, good enough for a 16% sequential uptick and an 84% Y/Y increase. In addition, the company's dividend is in decent shape, currently yielding 3.2% annually paired with a sustainable payout ratio sitting at 33% of its earnings. Most importantly, the company is scheduled to release quarterly results tomorrow, January 27th, before the market open. Currently, the Zacks Consensus EPS Estimate of $4.16 suggests a 62% Y/Y increase in earnings. And our consensus revenue estimate stands firm at $52.3 billion, suggesting an improvement of nearly 9% from the year-ago quarter. Kinder Morgan Kinder Morgan is a leading midstream energy infrastructure provider in North America. Earlier in the year, KMI increased its previously authorized $2 billion stock buyback to $3 billion. An increase in energy prices has helped Kinder Morgan increasingly reward its shareholders; KMI's dividend payout grew nearly 3% over the last year, currently yielding a steep 6% annually. Impressively, last year marked the fifth consecutive year of increased payouts. Agilent Technologies Agilent is an original equipment manufacturer (OEM) of a broad-based portfolio of test and measurement products serving multiple end markets. Currently, the company sports the highly-coveted Zacks Rank #1 (Strong Buy). On January 9th, Agilent approved a fresh $2 billion share repurchase program. Agilent has reported strong results as of late, exceeding the Zacks Consensus EPS Estimate by double-digit percentages in back-to-back releases. Just in its latest print, the company posted a 10% EPS beat and reported sales nearly 5% above expectations. The company does pay a dividend, currently yielding a modest 0.6%. Still, while the yield may be on the lower end of the spectrum, Agilent's 8.6% five-year annualized dividend growth rate helps bridge the gap. Bottom Line Buybacks have been common in recent years, with titans such as Apple and Microsoft also regularly joining in on the fun. Buybacks send a positive message to investors, indicating that the company is confident in its future prospects. All three companies above – Chevron, Kinder Morgan and Agilent Technologies – have recently announced repurchase programs, with investors cheering on the news. Why Haven't You Looked at Zacks' Top Stocks? Since 2000, our top stock-picking strategies have blown away the S&P's +6.2 average gain per year. Amazingly, they soared with average gains of +46.4%, +49.5% and +55.2% per year. Today you can access their live picks without cost or obligation. See Stocks Free >> Media Contact Zacks Investment Research 800-767-3771 ext. 9339 support@zacks.com https://www.zacks.com Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. Today, See These 5 Potential Home Runs >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Chevron Corporation (CVX) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Kinder Morgan, Inc. (KMI) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

For Immediate Release Chicago, IL – January 27, 2023 – Today, Zacks Investment Ideas feature highlights Chevron CVX, Kinder Morgan KMI, Agilent Technologies A, Apple AAPL and Microsoft MSFT. The recent surge in energy prices has benefitted the company in a big way; CVX reported free cash flow of a steep $12.3 billion in its latest quarter, good enough for a 16% sequential uptick and an 84% Y/Y increase. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security.

For Immediate Release Chicago, IL – January 27, 2023 – Today, Zacks Investment Ideas feature highlights Chevron CVX, Kinder Morgan KMI, Agilent Technologies A, Apple AAPL and Microsoft MSFT. All three companies above – Chevron, Kinder Morgan and Agilent Technologies – have recently announced repurchase programs, with investors cheering on the news. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Chevron Corporation (CVX) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Kinder Morgan, Inc. (KMI) : Free Stock Analysis Report To read this article on Zacks.com click here.

For Immediate Release Chicago, IL – January 27, 2023 – Today, Zacks Investment Ideas feature highlights Chevron CVX, Kinder Morgan KMI, Agilent Technologies A, Apple AAPL and Microsoft MSFT. These 3 Companies Can't Get Enough of Their Own Stock Stock buybacks, also regularly known as share repurchase programs, are a common strategy we see implemented by companies. Click to get this free report Apple Inc. (AAPL) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Chevron Corporation (CVX) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Kinder Morgan, Inc. (KMI) : Free Stock Analysis Report To read this article on Zacks.com click here.

An increase in energy prices has helped Kinder Morgan increasingly reward its shareholders; KMI's dividend payout grew nearly 3% over the last year, currently yielding a steep 6% annually. All three companies above – Chevron, Kinder Morgan and Agilent Technologies – have recently announced repurchase programs, with investors cheering on the news. Today, See These 5 Potential Home Runs >> Want the latest recommendations from Zacks Investment Research?

259.0

2023-01-26 00:00:00 UTC

Agilent Technologies (A) Gains But Lags Market: What You Should Know

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https://www.nasdaq.com/articles/agilent-technologies-a-gains-but-lags-market%3A-what-you-should-know

Agilent Technologies (A) closed the most recent trading day at $156.23, moving +0.35% from the previous trading session. This move lagged the S&P 500's daily gain of 1.1%. Meanwhile, the Dow gained 0.61%, and the Nasdaq, a tech-heavy index, added 6.59%. Coming into today, shares of the scientific instrument maker had gained 5.13% in the past month. In that same time, the Computer and Technology sector gained 10.59%, while the S&P 500 gained 4.58%. Agilent Technologies will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $1.31, up 8.26% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.69 billion, up 1.08% from the year-ago period. For the full year, our Zacks Consensus Estimates are projecting earnings of $5.64 per share and revenue of $6.95 billion, which would represent changes of +8.05% and +1.56%, respectively, from the prior year. Investors should also note any recent changes to analyst estimates for Agilent Technologies. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability. Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.09% higher. Agilent Technologies is currently sporting a Zacks Rank of #1 (Strong Buy). Looking at its valuation, Agilent Technologies is holding a Forward P/E ratio of 27.59. This represents a no noticeable deviation compared to its industry's average Forward P/E of 27.59. It is also worth noting that A currently has a PEG ratio of 2.76. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Electronics - Testing Equipment stocks are, on average, holding a PEG ratio of 2.67 based on yesterday's closing prices. The Electronics - Testing Equipment industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 199, putting it in the bottom 22% of all 250+ industries. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions. Free Report: Must-See Energy Stocks for 2023 Record profits at oil companies can mean big gains for you. With soaring demand and elevated prices, oil stocks could be top performers by far in 2023. Zacks has released a special report revealing the 4 oil stocks experts believe will deliver the biggest gains. (You’ll never guess Stock #2!) Download Oil Market on Fire today, absolutely free. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. Electronics - Testing Equipment stocks are, on average, holding a PEG ratio of 2.67 based on yesterday's closing prices. Zacks has released a special report revealing the 4 oil stocks experts believe will deliver the biggest gains.

For the full year, our Zacks Consensus Estimates are projecting earnings of $5.64 per share and revenue of $6.95 billion, which would represent changes of +8.05% and +1.56%, respectively, from the prior year. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Electronics - Testing Equipment stocks are, on average, holding a PEG ratio of 2.67 based on yesterday's closing prices.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Zacks has released a special report revealing the 4 oil stocks experts believe will deliver the biggest gains. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report To read this article on Zacks.com click here.

In that same time, the Computer and Technology sector gained 10.59%, while the S&P 500 gained 4.58%. Within the past 30 days, our consensus EPS projection has moved 0.09% higher. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups.

260.0

2023-01-26 00:00:00 UTC

IWR, ORLY, A, AZO: ETF Outflow Alert

A

https://www.nasdaq.com/articles/iwr-orly-a-azo%3A-etf-outflow-alert

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Russell Mid-Cap ETF (Symbol: IWR) where we have detected an approximate $189.7 million dollar outflow -- that's a 0.7% decrease week over week (from 402,950,000 to 400,300,000). Among the largest underlying components of IWR, in trading today O'Reilly Automotive, Inc. (Symbol: ORLY) is up about 1.2%, Agilent Technologies, Inc. (Symbol: A) is up about 0.6%, and AutoZone, Inc. (Symbol: AZO) is up by about 1.6%. For a complete list of holdings, visit the IWR Holdings page » The chart below shows the one year price performance of IWR, versus its 200 day moving average: Looking at the chart above, IWR's low point in its 52 week range is $60.73 per share, with $80 as the 52 week high point — that compares with a last trade of $71.87. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ». Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs. Click here to find out which 9 other ETFs experienced notable outflows » Also see: • Funds Holding IACH • MATR Videos • CMA Videos The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs. Click here to find out which 9 other ETFs experienced notable outflows » Also see: • Funds Holding IACH • MATR Videos • CMA Videos The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

For a complete list of holdings, visit the IWR Holdings page » The chart below shows the one year price performance of IWR, versus its 200 day moving average: Looking at the chart above, IWR's low point in its 52 week range is $60.73 per share, with $80 as the 52 week high point — that compares with a last trade of $71.87. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Click here to find out which 9 other ETFs experienced notable outflows » Also see: • Funds Holding IACH • MATR Videos • CMA Videos The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Russell Mid-Cap ETF (Symbol: IWR) where we have detected an approximate $189.7 million dollar outflow -- that's a 0.7% decrease week over week (from 402,950,000 to 400,300,000). For a complete list of holdings, visit the IWR Holdings page » The chart below shows the one year price performance of IWR, versus its 200 day moving average: Looking at the chart above, IWR's low point in its 52 week range is $60.73 per share, with $80 as the 52 week high point — that compares with a last trade of $71.87. Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Russell Mid-Cap ETF (Symbol: IWR) where we have detected an approximate $189.7 million dollar outflow -- that's a 0.7% decrease week over week (from 402,950,000 to 400,300,000). Among the largest underlying components of IWR, in trading today O'Reilly Automotive, Inc. (Symbol: ORLY) is up about 1.2%, Agilent Technologies, Inc. (Symbol: A) is up about 0.6%, and AutoZone, Inc. (Symbol: AZO) is up by about 1.6%. For a complete list of holdings, visit the IWR Holdings page » The chart below shows the one year price performance of IWR, versus its 200 day moving average: Looking at the chart above, IWR's low point in its 52 week range is $60.73 per share, with $80 as the 52 week high point — that compares with a last trade of $71.87.

261.0

2023-01-26 00:00:00 UTC

Lam Research (LRCX) Q2 Earnings & Revenues Beat, Rise Y/Y

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https://www.nasdaq.com/articles/lam-research-lrcx-q2-earnings-revenues-beat-rise-y-y

Lam Research Corporation LRCX reported second-quarter fiscal 2023 non-GAAP earnings of $10.71 per share, which surpassed the Zacks Consensus Estimate by 7.6%. The figure increased by 25.6% from the year-ago fiscal quarter’s reading. Revenues improved by 24.9% year over year to $5.28 billion. Further, the figure surpassed the Zacks Consensus Estimate of $5.08 billion. Top line growth was driven by strong momentum in both the systems and customer support businesses. Lam Research’s system revenues were $3.55 billion (67.2% of the total revenues), up 29.5% from the year-ago fiscal quarter’s figure. In the Customer Support Business Group, revenues for the reported quarter were $1.73 billion (32.8%), up 16.4% from the year-ago fiscal quarter’s number. Lam Research’s proper execution, expanding and diversifying global footprints and growing installed base remain positives. Further, the company remains optimistic about its technological advancements, with a focus on technology inflections, especially in foundry-logic devices, strength in ‘dry resist’ technology and solid momentum with SEMSYSCO. However, the weak outlook for 2023 wafer fabrication equipment ("WFE") spending remains a concern. For 2023, WFE spending is estimated to plunge to the mid-$70 billion range. Cautionary actions being taken by the customers in memory market, reductions in capacity additions and fab utilization and new export regulations remain overhangs. Coming to price performance, Lam Research has lost 20.6% over a year against the industry’s decline of 4.4%. Lam Research Corporation Price, Consensus and EPS Surprise Lam Research Corporation price-consensus-eps-surprise-chart | Lam Research Corporation Quote Regions in Detail China, Korea and Taiwan accounted for 24%, 20% and 19% of Lam Research’s total revenues for the fiscal second quarter, respectively. Additionally, Japan, Southeast Asia, the United States and Europe accounted for 11%, 10%, 10% and 6%, respectively. Operating Details The non-GAAP gross margin was 45.1%, which contracted 170 basis points (bps) from the year-ago fiscal quarter’s level. Non-GAAP operating expenses were $686.3 million, up 9.4% from the prior-year fiscal quarter’s reading. As a percentage of revenues, the figure contracted 180 bps from the year-earlier fiscal quarter’s level to 13%. The non-GAAP operating margin was 32.1%, expanding 10 bps from the year-ago fiscal quarter’s level. Balance Sheet & Cash Flow As of Sep 25, 2022, cash and cash equivalents and short-term investments increased to $4.59 billion from $4.38 billion. Cash flow from operating activities was $1.14 billion for the reported quarter, down from $1.2 billion in the previous fiscal quarter. Capital expenditure was $163 million in second-quarter fiscal 2023 compared with $140 million in first-quarter fiscal 2023. In the reported quarter, Lam Research paid out dividends of $236 million and repurchased shares worth $456 million. Guidance For third-quarter fiscal 2023, LRCX expects revenues of $3.8 billion (+/- $300 million). The Zacks Consensus Estimate for the same is pegged at $4.22 billion. The non-GAAP gross margin is projected at 44% (+/-1%), while the non-GAAP operating margin is expected to be 27.5% (+/-1%). Non-GAAP earnings are projected to be $6.50 (+/- 75 cents) per share on a diluted share count of 135 million. The Zacks Consensus Estimate for the same is pegged at $7.70 per share. Zacks Rank and Stocks to Consider Currently, Lam Research carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader Zacks Computer & Technology sector are Agilent Technologies A, Arista Networks ANET and Asure Software ASUR. While Agilent Technologies sports a Zacks Rank #1 (Strong Buy), Arista Networks and Asure Software carry a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here. Agilent has gained 10.5% in the past year. A’s long-term earnings growth rate is currently projected at 10%. Arista Networks has lost 5.7% in the past year. The long-term earnings growth rate for ANET is currently projected at 17.5%. Asure Software has gained 35.8% in the past year. The long-term earnings growth rate for ASUR is currently projected at 23%. Free Report: Must-See Energy Stocks for 2023 Record profits at oil companies can mean big gains for you. With soaring demand and elevated prices, oil stocks could be top performers by far in 2023. Zacks has released a special report revealing the 4 oil stocks experts believe will deliver the biggest gains. (You’ll never guess Stock #2!) Download Oil Market on Fire today, absolutely free. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Lam Research Corporation (LRCX) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Lam Research Corporation LRCX reported second-quarter fiscal 2023 non-GAAP earnings of $10.71 per share, which surpassed the Zacks Consensus Estimate by 7.6%. Cautionary actions being taken by the customers in memory market, reductions in capacity additions and fab utilization and new export regulations remain overhangs. Operating Details The non-GAAP gross margin was 45.1%, which contracted 170 basis points (bps) from the year-ago fiscal quarter’s level.

Lam Research Corporation LRCX reported second-quarter fiscal 2023 non-GAAP earnings of $10.71 per share, which surpassed the Zacks Consensus Estimate by 7.6%. While Agilent Technologies sports a Zacks Rank #1 (Strong Buy), Arista Networks and Asure Software carry a Zacks Rank #2 (Buy) at present. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Lam Research Corporation (LRCX) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

Lam Research Corporation LRCX reported second-quarter fiscal 2023 non-GAAP earnings of $10.71 per share, which surpassed the Zacks Consensus Estimate by 7.6%. Lam Research Corporation Price, Consensus and EPS Surprise Lam Research Corporation price-consensus-eps-surprise-chart | Lam Research Corporation Quote Regions in Detail China, Korea and Taiwan accounted for 24%, 20% and 19% of Lam Research’s total revenues for the fiscal second quarter, respectively. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Lam Research Corporation (LRCX) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

Lam Research Corporation LRCX reported second-quarter fiscal 2023 non-GAAP earnings of $10.71 per share, which surpassed the Zacks Consensus Estimate by 7.6%. Cash flow from operating activities was $1.14 billion for the reported quarter, down from $1.2 billion in the previous fiscal quarter. Some better-ranked stocks in the broader Zacks Computer & Technology sector are Agilent Technologies A, Arista Networks ANET and Asure Software ASUR.

262.0

2023-01-26 00:00:00 UTC

Teradyne (TER) Q4 Earnings & Revenues Beat Estimates, Down Y/Y

A

https://www.nasdaq.com/articles/teradyne-ter-q4-earnings-revenues-beat-estimates-down-y-y

Teradyne TER reported fourth-quarter 2022 earnings of 92 cents per share, which surpassed the Zacks Consensus Estimate by 24.3%. However, the bottom line decreased 32.8% year over year and 20% sequentially. Revenues of $731.8 million surpassed the Zacks Consensus Estimate of $710.6 million. The figure dipped 11.5% sequentially and 17% on a year-over-year basis. The year-over-year decline was a result of declining Test and Industrial Automation revenues. Revenue Details Revenues from Semiconductor Test platforms, System Test business, Wireless Test business and Industrial Automation were $481 million (65.7% of total revenues), $100 million (13.7%), $40 million (5.6%) and $110 million (15%), respectively. Revenues of Test and Industrial Automation declined 19.5% and 2.7% from the respective prior-year quarter’s levels. Teradyne, Inc. Price, Consensus and EPS Surprise Teradyne, Inc. price-consensus-eps-surprise-chart | Teradyne, Inc. Quote Operating Results Non-GAAP gross margin was 57.4%, contracting 210 basis points (bps) year over year. Operating expenses increased 6.2% year over year to $253.9 million. As a percentage of revenues, operating expenses expanded 410 bps year over year to 34.7%. Non-GAAP operating margin was 23.1%, which contracted 790 bps from the year-ago quarter’s reading. Balance Sheet & Cash Flow As of Dec 31, 2022, Teradyne’s cash and cash equivalents (including marketable securities) were $894.4 million, higher than $776.1 million as of Oct 2, 2022. Net cash provided by operating activities was $183.4 million for the fourth quarter compared with $271.6 million in the prior quarter. Guidance For the first quarter of 2023, Teradyne expects revenues between $550 million and $630 million. The Zacks Consensus Estimate for the same is pegged at $641.3 million. Non-GAAP earnings are expected between 28 cents and 52 cents per share for fourth-quarter 2022. The consensus mark for the stock is pegged at 60 cents per share. Zacks Rank & Stocks to Consider Currently, Teradyne carries a Zacks Rank #3 (Buy). Some better-ranked stocks in the broader Zacks Computer & Technology sector are Agilent Technologies A, Arista Networks ANET and Asure Software ASUR. While Agilent Technologies sports a Zacks Rank #1 (Strong Buy), Arista Networks and Asure Software carry a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here. Agilent has gained 10.5% in the past year. A’s long-term earnings growth rate is currently projected at 10%. Arista Networks has lost 5.7% in the past year. The long-term earnings growth rate for ANET is currently projected at 17.5%. Asure Software has gained 35.8% in the past year. The long-term earnings growth rate for ASUR is currently projected at 23%. Free Report: Must-See Energy Stocks for 2023 Record profits at oil companies can mean big gains for you. With soaring demand and elevated prices, oil stocks could be top performers by far in 2023. Zacks has released a special report revealing the 4 oil stocks experts believe will deliver the biggest gains. (You’ll never guess Stock #2!) Download Oil Market on Fire today, absolutely free. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Teradyne, Inc. (TER) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Teradyne TER reported fourth-quarter 2022 earnings of 92 cents per share, which surpassed the Zacks Consensus Estimate by 24.3%. Free Report: Must-See Energy Stocks for 2023 Record profits at oil companies can mean big gains for you. Zacks has released a special report revealing the 4 oil stocks experts believe will deliver the biggest gains.

Teradyne, Inc. Price, Consensus and EPS Surprise Teradyne, Inc. price-consensus-eps-surprise-chart | Teradyne, Inc. Quote Operating Results Non-GAAP gross margin was 57.4%, contracting 210 basis points (bps) year over year. While Agilent Technologies sports a Zacks Rank #1 (Strong Buy), Arista Networks and Asure Software carry a Zacks Rank #2 (Buy) at present. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Teradyne, Inc. (TER) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

Revenue Details Revenues from Semiconductor Test platforms, System Test business, Wireless Test business and Industrial Automation were $481 million (65.7% of total revenues), $100 million (13.7%), $40 million (5.6%) and $110 million (15%), respectively. Teradyne, Inc. Price, Consensus and EPS Surprise Teradyne, Inc. price-consensus-eps-surprise-chart | Teradyne, Inc. Quote Operating Results Non-GAAP gross margin was 57.4%, contracting 210 basis points (bps) year over year. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Teradyne, Inc. (TER) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

Revenue Details Revenues from Semiconductor Test platforms, System Test business, Wireless Test business and Industrial Automation were $481 million (65.7% of total revenues), $100 million (13.7%), $40 million (5.6%) and $110 million (15%), respectively. Guidance For the first quarter of 2023, Teradyne expects revenues between $550 million and $630 million. Asure Software has gained 35.8% in the past year.

263.0

2023-01-26 00:00:00 UTC

Best Growth Stocks to Buy for January 26th

A

https://www.nasdaq.com/articles/best-growth-stocks-to-buy-for-january-26th-0

Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, January 26th: Agilent Technologies, Inc. A: This application-focused solutions provider to the life sciences, diagnostics, and applied chemical markets carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.4% over the last 60 days. Agilent Technologies, Inc. Price and Consensus Agilent Technologies, Inc. price-consensus-chart | Agilent Technologies, Inc. Quote Agilent has a PEG ratio of 2.76 compared with 5.26 for the industry. The company possesses a Growth Score of B. Agilent Technologies, Inc. PEG Ratio (TTM) Agilent Technologies, Inc. peg-ratio-ttm | Agilent Technologies, Inc. Quote Wolters Kluwer N.V. WTKWY: This professional information, software solutions, and services company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.6% over the last 60 days. Wolters Kluwer NV Price and Consensus Wolters Kluwer NV price-consensus-chart | Wolters Kluwer NV Quote Wolters Kluwer has a PEG ratio of 2.01 compared with 2.42 for the industry. The company possesses a Growth Score of A. Wolters Kluwer NV PEG Ratio (TTM) Wolters Kluwer NV peg-ratio-ttm | Wolters Kluwer NV Quote KnowBe4, Inc. KNBE: This company that engages in the development, marketing, and sale of its Software-as-a-Service-based security awareness platform carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.7% over the last 60 days. KnowBe4, Inc. Price and Consensus KnowBe4, Inc. price-consensus-chart | KnowBe4, Inc. Quote KnowBe4 has a PEG ratio of 1.61 compared with 2.31 for the industry. The company possesses a Growth Score of A. KnowBe4, Inc. PEG Ratio (TTM) KnowBe4, Inc. peg-ratio-ttm | KnowBe4, Inc. Quote See the full list of top ranked stocks here. Learn more about the Growth score and how it is calculated here. Free Report: Must-See Energy Stocks for 2023 Record profits at oil companies can mean big gains for you. With soaring demand and elevated prices, oil stocks could be top performers by far in 2023. Zacks has released a special report revealing the 4 oil stocks experts believe will deliver the biggest gains. (You’ll never guess Stock #2!) Download Oil Market on Fire today, absolutely free. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Wolters Kluwer NV (WTKWY) : Free Stock Analysis Report KnowBe4, Inc. (KNBE) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, January 26th: Agilent Technologies, Inc. A: This application-focused solutions provider to the life sciences, diagnostics, and applied chemical markets carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.4% over the last 60 days. The company possesses a Growth Score of A. KnowBe4, Inc. PEG Ratio (TTM) KnowBe4, Inc. peg-ratio-ttm | KnowBe4, Inc. Quote See the full list of top ranked stocks here. Free Report: Must-See Energy Stocks for 2023 Record profits at oil companies can mean big gains for you.

The company possesses a Growth Score of B. Agilent Technologies, Inc. PEG Ratio (TTM) Agilent Technologies, Inc. peg-ratio-ttm | Agilent Technologies, Inc. Quote Wolters Kluwer N.V. WTKWY: This professional information, software solutions, and services company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.6% over the last 60 days. The company possesses a Growth Score of A. Wolters Kluwer NV PEG Ratio (TTM) Wolters Kluwer NV peg-ratio-ttm | Wolters Kluwer NV Quote KnowBe4, Inc. KNBE: This company that engages in the development, marketing, and sale of its Software-as-a-Service-based security awareness platform carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.7% over the last 60 days. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Wolters Kluwer NV (WTKWY) : Free Stock Analysis Report KnowBe4, Inc. (KNBE) : Free Stock Analysis Report To read this article on Zacks.com click here.

The company possesses a Growth Score of B. Agilent Technologies, Inc. PEG Ratio (TTM) Agilent Technologies, Inc. peg-ratio-ttm | Agilent Technologies, Inc. Quote Wolters Kluwer N.V. WTKWY: This professional information, software solutions, and services company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.6% over the last 60 days. The company possesses a Growth Score of A. Wolters Kluwer NV PEG Ratio (TTM) Wolters Kluwer NV peg-ratio-ttm | Wolters Kluwer NV Quote KnowBe4, Inc. KNBE: This company that engages in the development, marketing, and sale of its Software-as-a-Service-based security awareness platform carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.7% over the last 60 days. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Wolters Kluwer NV (WTKWY) : Free Stock Analysis Report KnowBe4, Inc. (KNBE) : Free Stock Analysis Report To read this article on Zacks.com click here.

The company possesses a Growth Score of B. Agilent Technologies, Inc. PEG Ratio (TTM) Agilent Technologies, Inc. peg-ratio-ttm | Agilent Technologies, Inc. Quote Wolters Kluwer N.V. WTKWY: This professional information, software solutions, and services company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.6% over the last 60 days. The company possesses a Growth Score of A. KnowBe4, Inc. PEG Ratio (TTM) KnowBe4, Inc. peg-ratio-ttm | KnowBe4, Inc. Quote See the full list of top ranked stocks here. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Wolters Kluwer NV (WTKWY) : Free Stock Analysis Report KnowBe4, Inc. (KNBE) : Free Stock Analysis Report To read this article on Zacks.com click here.

264.0

2023-01-25 00:00:00 UTC

TE Connectivity's (TEL) Q1 Earnings Beat, Sales Rise Y/Y

A

https://www.nasdaq.com/articles/te-connectivitys-tel-q1-earnings-beat-sales-rise-y-y

TE Connectivity Ltd. TEL reported first-quarter fiscal 2023 adjusted earnings of $1.53 per share, which surpassed the Zacks Consensus Estimate by 2%. However, the figure decreased 13.1% from the year-ago fiscal quarter’s reading. Net sales in the reported quarter were $3.84 billion, beating the consensus mark of $3.75 billion. The figure rose 1% on a reported basis and 8% organically from the respective year-ago fiscal quarter’s readings. Well-performing transportation solutions drove the top line growth during the reported quarter. TE Connectivity Ltd. Price, Consensus and EPS Surprise TE Connectivity Ltd. price-consensus-eps-surprise-chart | TE Connectivity Ltd. Quote Top-Line Details Transportation Solutions: The segment generated $2.26 billion, which accounted for 58.8% of net sales. The figure grew 5% year over year. The company witnessed 9% growth in automotive sales, which was driven by the growing proliferation of electric vehicles and strong content trends in electronification. However, sensor sales fell 4% from the year-ago quarter. Also, commercial transportation sales declined 5% year over year due to weak momentum in China. Industrial Solutions: The segment generated $1.06 billion, which accounted for 27.6% of net sales. The figure rose 1% year over year. This was driven by improvements in commercial aerospace, which led to 9% growth in aerospace, defense and marine sales. Solid momentum across renewable applications also remained positive for the company’s energy business, which grew 1% year over year. Further, growing momentum across interventional procedures led to a 4% rise in medical sales. However, industrial equipment sales, which declined 5%, were concerning. Communications Solutions: The segment generated $522 million, which accounted for 13.6% of net sales. Further, the figure declined 14% year over year. This was attributed to broad market weakness. Data and device sales decreased 8% and appliance sales fell 23% year over year. Operating Details Per management, the gross profit was $1.2 billion, which was down 3.5% year over year. As a percentage of revenues, the figure contracted 130 basis points (bps) from the year-ago quarter to 30.9%. We note that selling, general and administrative expenses were $392 million, which rose 8% year over year. Research and development expenses were $173 million, which declined 1.1% year over year. The company’s adjusted operating margin was 16.2% in the reported quarter, which contracted 240 bps year over year. Balance Sheet & Cash Flow As of Dec 30, 2022, cash and cash equivalents were $793 million, down from $1.09 billion as of Sep 30, 2022. Long-term debt was $3.4 billion in the fiscal first quarter, up from $3.3 billion in the prior fiscal quarter. TE Connectivity generated $581 million in cash from operations in the reported quarter, down from $944 million in the previous quarter. Further, it generated a free cash flow of $399 million. TEL returned $410 million to its shareholders. Guidance For second-quarter fiscal 2023, TE Connectivity expects net sales of $3.9 billion, with 3% decline on a reported basis and 2% growth on an organic basis from the year-ago fiscal quarter’s reading. The Zacks Consensus Estimate for the same is pegged at $3.92 billion. Adjusted earnings are projected at $1.57 per share. The consensus mark is pegged at $1.60 per share. Zacks Rank & Stocks to Consider Currently, TE Connectivity carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader Zacks Computer & Technology sector are Agilent Technologies A, Arista Networks ANET and Asure Software ASUR. While Agilent Technologies sports a Zacks Rank #1 (Strong Buy), Arista Networks and Asure Software carry a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here. Agilent has gained 10.5% in the past year. A’s long-term earnings growth rate is currently projected at 10%. Arista Networks has lost 5.7% in the past year. The long-term earnings growth rate for ANET is currently projected at 17.5%. Asure Software has gained 35.8% in the past year. The long-term earnings growth rate for ASUR is currently projected at 23%. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report TE Connectivity Ltd. (TEL) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

TE Connectivity Ltd. TEL reported first-quarter fiscal 2023 adjusted earnings of $1.53 per share, which surpassed the Zacks Consensus Estimate by 2%. The company witnessed 9% growth in automotive sales, which was driven by the growing proliferation of electric vehicles and strong content trends in electronification. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.

TE Connectivity Ltd. Price, Consensus and EPS Surprise TE Connectivity Ltd. price-consensus-eps-surprise-chart | TE Connectivity Ltd. Quote Top-Line Details Transportation Solutions: The segment generated $2.26 billion, which accounted for 58.8% of net sales. While Agilent Technologies sports a Zacks Rank #1 (Strong Buy), Arista Networks and Asure Software carry a Zacks Rank #2 (Buy) at present. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report TE Connectivity Ltd. (TEL) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

The company’s adjusted operating margin was 16.2% in the reported quarter, which contracted 240 bps year over year. Guidance For second-quarter fiscal 2023, TE Connectivity expects net sales of $3.9 billion, with 3% decline on a reported basis and 2% growth on an organic basis from the year-ago fiscal quarter’s reading. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report TE Connectivity Ltd. (TEL) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

Further, the figure declined 14% year over year. Research and development expenses were $173 million, which declined 1.1% year over year. TE Connectivity generated $581 million in cash from operations in the reported quarter, down from $944 million in the previous quarter.

265.0

2023-01-25 00:00:00 UTC

Texas Instruments (TXN) Q4 Earnings Beat, Revenues Fall Y/Y

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https://www.nasdaq.com/articles/texas-instruments-txn-q4-earnings-beat-revenues-fall-y-y

Texas Instruments TXN reported fourth-quarter 2022 earnings of $2.13 per share, beating the Zacks Consensus Estimate by 8.7%. Also, the figure exceeded the management’s guided range of $1.83-$2.11. However, the bottom line declined 6% year over year and 13.8% from the previous quarter’s level. TXN reported revenues of $4.67 billion, which surpassed the Zacks Consensus Estimate of $4.59 billion. Further, the figure was within the management’s guided range of $4.4-$4.8 billion. However, it decreased 3% from the year-ago quarter’s level and 11% sequentially. This was attributed to a weak demand environment. The company witnessed sluggishness in its Analog and Other segments. On a sequential basis, Texas Instruments suffered from widespread weakness in the industrial, personal electronics, communication equipment and enterprise systems markets. Nevertheless, it experienced sequential growth in the automotive end market which remains a positive. Also, Embedded Processing segment delivered strong performance on a year-over year basis, which was another positive. We note that Texas Instruments’ efficient manufacturing strategies and consistent returns to shareholders are likely to instill investors’ optimism on the stock. Its substantial investments in growth avenues and competitive advantages are other positives. Shares of Texas Instruments have gained 2.1% over the past year against the industry’s decline of 17.1%. Texas Instruments Incorporated Price, Consensus and EPS Surprise Texas Instruments Incorporated price-consensus-eps-surprise-chart | Texas Instruments Incorporated Quote Segments in Detail Analog: Revenues of $3.6 billion were generated from the segment (76.2% of total revenues), down 5% from the year-ago quarter’s level. Embedded Processing: Revenues summed $837 million (17.9% of total revenues), up 10% year over year. Other: Revenues totaled $275 million (5.9% of total revenues). The figure was down 11% from the prior-year quarter’s level. Operating Details Texas Instruments’ gross margin of 66.1% contracted 320 basis points (bps) from the year-ago quarter’s level. As a percentage of revenues, selling, general and administrative expenses expanded 80 bps year over year to $429 million in the reported quarter. Research and development expenses of $434 million expanded 120 bps from the year-ago quarter’s level as a percentage of revenues. The operating margin was 46.6%, which contracted 520 bps from the prior-year quarter’s number. Balance Sheet & Cash Flow As of Dec 31, 2022, the cash and short-term investment balance was $9.07 billion compared with $9.09 billion as of Sep 30, 2022. At the end of the reported quarter, TXN had a long-term debt of $8.2 billion compared with $7.4 billion in the prior quarter. Current debt was $500 million at the end of fourth-quarter 2022 compared with $499 million at the end of third-quarter 2022. Texas Instruments generated $2.04 billion of cash from operations, down from $2.8 billion in the previous quarter. Capex was $967 million in the reported quarter. Free cash flow stood at $1.08 billion. Texas Instruments paid out dividends worth $1.12 billion in the reported quarter. TXN repurchased shares worth $848 million. Guidance For first-quarter 2023, Texas Instruments expects revenues between $4.17 billion and $4.53 billion. The midpoint of this range is below the Zacks Consensus Estimate of $4.41 billion. Texas Instruments expects earnings within $1.64-$1.90 per share. The Zacks Consensus Estimate for the same is pegged at $1.83 per share. Zacks Rank and Stocks to Consider Currently, Texas Instruments carries a Zacks Rank #4 (Sell). Some better-ranked stocks in the broader Zacks Computer & Technology sector are Agilent Technologies A, Arista Networks ANET and Asure Software ASUR. While Agilent Technologies sports a Zacks Rank #1 (Strong Buy), Arista Networks and Asure Software carry a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here. Agilent has gained 10.5% in the past year. A’s long-term earnings growth rate is currently projected at 10%. Arista Networks has lost 5.7% in the past year. The long-term earnings growth rate for ANET is currently projected at 17.5%. Asure Software has gained 35.8% in the past year. The long-term earnings growth rate for ASUR is currently projected at 23%. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Texas Instruments Incorporated (TXN) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

On a sequential basis, Texas Instruments suffered from widespread weakness in the industrial, personal electronics, communication equipment and enterprise systems markets. We note that Texas Instruments’ efficient manufacturing strategies and consistent returns to shareholders are likely to instill investors’ optimism on the stock. Operating Details Texas Instruments’ gross margin of 66.1% contracted 320 basis points (bps) from the year-ago quarter’s level.

Texas Instruments Incorporated Price, Consensus and EPS Surprise Texas Instruments Incorporated price-consensus-eps-surprise-chart | Texas Instruments Incorporated Quote Segments in Detail Analog: Revenues of $3.6 billion were generated from the segment (76.2% of total revenues), down 5% from the year-ago quarter’s level. While Agilent Technologies sports a Zacks Rank #1 (Strong Buy), Arista Networks and Asure Software carry a Zacks Rank #2 (Buy) at present. Click to get this free report Texas Instruments Incorporated (TXN) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

Texas Instruments Incorporated Price, Consensus and EPS Surprise Texas Instruments Incorporated price-consensus-eps-surprise-chart | Texas Instruments Incorporated Quote Segments in Detail Analog: Revenues of $3.6 billion were generated from the segment (76.2% of total revenues), down 5% from the year-ago quarter’s level. At the end of the reported quarter, TXN had a long-term debt of $8.2 billion compared with $7.4 billion in the prior quarter. Click to get this free report Texas Instruments Incorporated (TXN) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

Texas Instruments TXN reported fourth-quarter 2022 earnings of $2.13 per share, beating the Zacks Consensus Estimate by 8.7%. TXN reported revenues of $4.67 billion, which surpassed the Zacks Consensus Estimate of $4.59 billion. At the end of the reported quarter, TXN had a long-term debt of $8.2 billion compared with $7.4 billion in the prior quarter.

266.0

2023-01-23 00:00:00 UTC

Agilent Inks Deal With Quest Diagnostics To Offer CtDx FIRST Liquid Biopsy Test Across US

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https://www.nasdaq.com/articles/agilent-inks-deal-with-quest-diagnostics-to-offer-ctdx-first-liquid-biopsy-test-across-us

(RTTNews) - Agilent Technologies, Inc. (A) announced Monday an agreement with Quest Diagnostics (DGX), a diagnostic information services company, to enable providers and patients throughout the U.S. to access the Agilent Resolution ctDx FIRST liquid biopsy next-generation sequencing (NGS) test. Healthcare providers can now order the test electronically through the Quest connectivity platform, which connects to hundreds of electronic medical records (EMRs). They may direct patients to provide specimens at one of Quest's 2,100 patient service centers across the U.S. The agreement between Quest and Agilent will enable broad adoption for ctDx FIRST, a single-site premarket approved (ssPMA) test performed at the Resolution Bioscience CLIA laboratory in Kirkland, Washington. ctDx FIRST is the first liquid biopsy test approved by the U.S. Food and Drug Administration (FDA) as a companion diagnostic (CDx) to identify advanced non-small cell lung cancer (NSCLC) patients who may benefit from treatment with KRAZATI. It is a minimally invasive liquid biopsy test option as a CDx for KRAZATI. KRAZATI (adagrasib) received accelerated approval as a targeted treatment option for adult patients with KRASG12C-mutated locally advanced or metastatic NSCLC, as determined by an FDA-approved test, who have received at least one prior systemic therapy. As a professional service, the ctDx FIRST test report includes comprehensive genomic profiling on 109 genes across four types of alterations: single nucleotide variants, indels, copy number amplifications, and fusions. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The agreement between Quest and Agilent will enable broad adoption for ctDx FIRST, a single-site premarket approved (ssPMA) test performed at the Resolution Bioscience CLIA laboratory in Kirkland, Washington. ctDx FIRST is the first liquid biopsy test approved by the U.S. Food and Drug Administration (FDA) as a companion diagnostic (CDx) to identify advanced non-small cell lung cancer (NSCLC) patients who may benefit from treatment with KRAZATI. As a professional service, the ctDx FIRST test report includes comprehensive genomic profiling on 109 genes across four types of alterations: single nucleotide variants, indels, copy number amplifications, and fusions.

(RTTNews) - Agilent Technologies, Inc. (A) announced Monday an agreement with Quest Diagnostics (DGX), a diagnostic information services company, to enable providers and patients throughout the U.S. to access the Agilent Resolution ctDx FIRST liquid biopsy next-generation sequencing (NGS) test. ctDx FIRST is the first liquid biopsy test approved by the U.S. Food and Drug Administration (FDA) as a companion diagnostic (CDx) to identify advanced non-small cell lung cancer (NSCLC) patients who may benefit from treatment with KRAZATI. It is a minimally invasive liquid biopsy test option as a CDx for KRAZATI.

(RTTNews) - Agilent Technologies, Inc. (A) announced Monday an agreement with Quest Diagnostics (DGX), a diagnostic information services company, to enable providers and patients throughout the U.S. to access the Agilent Resolution ctDx FIRST liquid biopsy next-generation sequencing (NGS) test. ctDx FIRST is the first liquid biopsy test approved by the U.S. Food and Drug Administration (FDA) as a companion diagnostic (CDx) to identify advanced non-small cell lung cancer (NSCLC) patients who may benefit from treatment with KRAZATI. KRAZATI (adagrasib) received accelerated approval as a targeted treatment option for adult patients with KRASG12C-mutated locally advanced or metastatic NSCLC, as determined by an FDA-approved test, who have received at least one prior systemic therapy.

(RTTNews) - Agilent Technologies, Inc. (A) announced Monday an agreement with Quest Diagnostics (DGX), a diagnostic information services company, to enable providers and patients throughout the U.S. to access the Agilent Resolution ctDx FIRST liquid biopsy next-generation sequencing (NGS) test. Healthcare providers can now order the test electronically through the Quest connectivity platform, which connects to hundreds of electronic medical records (EMRs). ctDx FIRST is the first liquid biopsy test approved by the U.S. Food and Drug Administration (FDA) as a companion diagnostic (CDx) to identify advanced non-small cell lung cancer (NSCLC) patients who may benefit from treatment with KRAZATI.

267.0

2023-01-20 00:00:00 UTC

Agilent Technologies (A) Outpaces Stock Market Gains: What You Should Know

A

https://www.nasdaq.com/articles/agilent-technologies-a-outpaces-stock-market-gains%3A-what-you-should-know-3

Agilent Technologies (A) closed at $155.92 in the latest trading session, marking a +2% move from the prior day. This change outpaced the S&P 500's 1.89% gain on the day. Meanwhile, the Dow gained 1%, and the Nasdaq, a tech-heavy index, added 10%. Heading into today, shares of the scientific instrument maker had gained 2.59% over the past month, lagging the Computer and Technology sector's gain of 4.01% and outpacing the S&P 500's gain of 2.3% in that time. Agilent Technologies will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $1.31, up 8.26% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $1.69 billion, up 1.08% from the prior-year quarter. For the full year, our Zacks Consensus Estimates are projecting earnings of $5.64 per share and revenue of $6.95 billion, which would represent changes of +8.05% and +1.56%, respectively, from the prior year. Investors might also notice recent changes to analyst estimates for Agilent Technologies. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability. Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.09% higher. Agilent Technologies is currently sporting a Zacks Rank of #2 (Buy). Looking at its valuation, Agilent Technologies is holding a Forward P/E ratio of 27.09. This represents a premium compared to its industry's average Forward P/E of 24.87. Also, we should mention that A has a PEG ratio of 2.71. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. A's industry had an average PEG ratio of 2.6 as of yesterday's close. The Electronics - Testing Equipment industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 222, which puts it in the bottom 12% of all 250+ industries. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. You can find more information on all of these metrics, and much more, on Zacks.com. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Agilent Technologies (A) closed at $155.92 in the latest trading session, marking a +2% move from the prior day. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.

For the full year, our Zacks Consensus Estimates are projecting earnings of $5.64 per share and revenue of $6.95 billion, which would represent changes of +8.05% and +1.56%, respectively, from the prior year. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups.

For the full year, our Zacks Consensus Estimates are projecting earnings of $5.64 per share and revenue of $6.95 billion, which would represent changes of +8.05% and +1.56%, respectively, from the prior year. This industry currently has a Zacks Industry Rank of 222, which puts it in the bottom 12% of all 250+ industries. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups.

Agilent Technologies is currently sporting a Zacks Rank of #2 (Buy). This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research?

268.0

2023-01-20 00:00:00 UTC

Vishay (VSH) Expands Its Diode Offerings With New Rectifiers

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https://www.nasdaq.com/articles/vishay-vsh-expands-its-diode-offerings-with-new-rectifiers

Vishay Intertechnology VSH unveiled two new 1200 V FRED Pt Hyperfast rectifiers, namely VS-E7MH0112-M3 and VS-E7MH0112HM3c, in its Gen 7 platform. Notably, both devices come in an SMA (DO-214AC) package and can be used as clamp, snubber and freewheeling diodes in flyback auxiliary power supplies. These devices, which offer improved reverse recovery energy and fast recovery time, can also be utilized as high-frequency rectifiers for bootstrap driver functionality. Further, VS-E7MH0112-M3 and VS-E7MH0112HM3c are well-equipped to improve the effectiveness of low-power stages and auxiliary functions in AC/DC and DC/DC converters. With the latest move, Vishay remains well-poised to gain momentum among the industrial and automotive applications given the above-mentioned robust features. Vishay Intertechnology, Inc. Price and Consensus Vishay Intertechnology, Inc. price-consensus-chart | Vishay Intertechnology, Inc. Quote Growth Prospects We note that the recent launch has added strength to Vishay’s diode offerings as well as its discrete semiconductor business. Notably, diodes have become an integral part of its discrete semiconductor business. In third-quarter 2022, the diodes product segment generated revenues of $209 million (23% of the total revenues), which increased 12.8% year over year. Moreover, the latest move positions the company well to expand its footprint in the diode and rectifier market. According to a report from Precedence Research, the diode market is anticipated to hit $10.5 billion by 2032 by witnessing a CAGR of 3.85% between 2023 and 2032. Per a report from Mordor Intelligence, the global rectifier market is expected to register a CAGR of 10.6% between 2022 and 2027. Expanding Product Portfolio The latest move is in sync with the company’s growing efforts toward expanding its overall product portfolio. Apart from the introduction of VS-E7MH0112-M3 and VS-E7MH0112HM3, Vishay recently rolled out four new eFuses, which offer a wide 2.8 V to 23 V input voltage range and respond swiftly to short circuits. Further, these eFuses provide precise control and swift fault responses, which make them ideal for usage in industrial and medical equipment, robotics, consumer goods, home automation systems and gaming consoles. Additionally, the company introduced three new series of 130 A to 300 A three-phase bridge power modules in the ultra-compact MTC package that deliver reliable operation for heavy-duty industrial applications. Vishay also unveiled the industry’s first AEC-Q102 qualified linear optocoupler, which offers faster response times and higher isolation voltage. Furthermore, it introduced seven new MOSFET and diode power modules designed for onboard charger applications. We believe that the above-mentioned endeavors will continue to shape the company’s growth trajectory and sustain momentum in various end markets. Zacks Rank & Stocks to Consider Currently, Vishay carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader Zacks Computer & Technology sector are Arista Networks ANET, Agilent Technologies A and Asure Software ASUR. Each of these companies carries a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Arista Networks shares have lost 6% in the past year. The long-term earnings growth rate for ANET is projected at 17.48%. Agilent shares have gained 11.1% in the past year. A’s long-term earnings growth rate is projected at 10%. Asure Software shares have gained 37.4% in the past year. The long-term earnings growth rate for ASUR is projected at 23%. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report Vishay Intertechnology, Inc. (VSH) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Apart from the introduction of VS-E7MH0112-M3 and VS-E7MH0112HM3, Vishay recently rolled out four new eFuses, which offer a wide 2.8 V to 23 V input voltage range and respond swiftly to short circuits. Further, these eFuses provide precise control and swift fault responses, which make them ideal for usage in industrial and medical equipment, robotics, consumer goods, home automation systems and gaming consoles. Additionally, the company introduced three new series of 130 A to 300 A three-phase bridge power modules in the ultra-compact MTC package that deliver reliable operation for heavy-duty industrial applications.

Some better-ranked stocks in the broader Zacks Computer & Technology sector are Arista Networks ANET, Agilent Technologies A and Asure Software ASUR. The long-term earnings growth rate for ANET is projected at 17.48%. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report Vishay Intertechnology, Inc. (VSH) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

Vishay Intertechnology, Inc. Price and Consensus Vishay Intertechnology, Inc. price-consensus-chart | Vishay Intertechnology, Inc. Quote Growth Prospects We note that the recent launch has added strength to Vishay’s diode offerings as well as its discrete semiconductor business. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report Vishay Intertechnology, Inc. (VSH) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

Vishay Intertechnology, Inc. Price and Consensus Vishay Intertechnology, Inc. price-consensus-chart | Vishay Intertechnology, Inc. Quote Growth Prospects We note that the recent launch has added strength to Vishay’s diode offerings as well as its discrete semiconductor business. Moreover, the latest move positions the company well to expand its footprint in the diode and rectifier market. Asure Software shares have gained 37.4% in the past year.

269.0

2023-01-20 00:00:00 UTC

Are Computer and Technology Stocks Lagging Agilent Technologies (A) This Year?

A

https://www.nasdaq.com/articles/are-computer-and-technology-stocks-lagging-agilent-technologies-a-this-year

For those looking to find strong Computer and Technology stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Agilent Technologies (A) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question. Agilent Technologies is a member of our Computer and Technology group, which includes 653 different companies and currently sits at #6 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst. The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Agilent Technologies is currently sporting a Zacks Rank of #2 (Buy). Over the past three months, the Zacks Consensus Estimate for A's full-year earnings has moved 2.9% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive. Based on the most recent data, A has returned 2.2% so far this year. Meanwhile, stocks in the Computer and Technology group have lost about 32.5% on average. This shows that Agilent Technologies is outperforming its peers so far this year. Another stock in the Computer and Technology sector, Fastly (FSLY), has outperformed the sector so far this year. The stock's year-to-date return is 20.6%. In Fastly's case, the consensus EPS estimate for the current year increased 4.1% over the past three months. The stock currently has a Zacks Rank #2 (Buy). Looking more specifically, Agilent Technologies belongs to the Electronics - Testing Equipment industry, which includes 7 individual stocks and currently sits at #222 in the Zacks Industry Rank. Stocks in this group have lost about 14.1% so far this year, so An is performing better this group in terms of year-to-date returns. Fastly, however, belongs to the Internet - Software industry. Currently, this 150-stock industry is ranked #55. The industry has moved -58.5% so far this year. Investors with an interest in Computer and Technology stocks should continue to track Agilent Technologies and Fastly. These stocks will be looking to continue their solid performance. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Fastly, Inc. (FSLY) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

For those looking to find strong Computer and Technology stocks, it is prudent to search for companies in the group that are outperforming their peers. The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.

Agilent Technologies is a member of our Computer and Technology group, which includes 653 different companies and currently sits at #6 in the Zacks Sector Rank. Another stock in the Computer and Technology sector, Fastly (FSLY), has outperformed the sector so far this year. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Fastly, Inc. (FSLY) : Free Stock Analysis Report To read this article on Zacks.com click here.

Agilent Technologies is a member of our Computer and Technology group, which includes 653 different companies and currently sits at #6 in the Zacks Sector Rank. Looking more specifically, Agilent Technologies belongs to the Electronics - Testing Equipment industry, which includes 7 individual stocks and currently sits at #222 in the Zacks Industry Rank. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Fastly, Inc. (FSLY) : Free Stock Analysis Report To read this article on Zacks.com click here.

Agilent Technologies is a member of our Computer and Technology group, which includes 653 different companies and currently sits at #6 in the Zacks Sector Rank. Another stock in the Computer and Technology sector, Fastly (FSLY), has outperformed the sector so far this year. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.

270.0

2023-01-20 00:00:00 UTC

Alphabet (GOOGL) Strengthens Google Meet With Zoom Tie-Up

A

https://www.nasdaq.com/articles/alphabet-googl-strengthens-google-meet-with-zoom-tie-up

Alphabet’s GOOGL division Google is consistently adding innovative features to bolster its video-conferencing software Google Meet on the back of strategic partnerships. This is evident from the fact that Google in collaboration with Zoom Video Communications ZM is rolling out a video-conferencing device interoperability for Google Meet with Zoom. Per the partnership terms, users can join Zoom Meetings from Google Meet hardware devices or join Google Meet meetings from Zoom Rooms. The current feature is available for enterprise customers with hardware devices. With the recent alliance, Google focuses on helping customers collaborate with people outside of the Google Meet ecosystem. Alphabet Inc. Price and Consensus Alphabet Inc. price-consensus-chart | Alphabet Inc. Quote Growing Google Meet Initiatives Apart from the latest effort, Google added a 360-degree background feature to Google Meet, which will let users to customize their video feed while attending meetings. Google introduced emoji reactions to Meet. The reactions appear as a small badge in the sender’s video tile. The feature aims to help participants engage in meetings without interrupting the speaker. Google rolled out a Google Meet shortcut feature for the desktop version. The capability allows users to unmute themselves by holding down the space bar. Users can mute themselves by releasing the space bar. The capability helps users to stay muted when they forget to mute themselves after unmuting. Google added a live sharing feature to Meet, which lets all meeting participants to interact with the YouTube or Spotify content, or games that’s being shared to them. Efforts to Bolster Google Workspace With the growing Google Meet initiatives, Google is consistently adding strength to the Google Workspace, consisting of Gmail, Meet, Drive, Docs, Voice and more. Apart from Meet efforts, Google added a suspected spam caller feature to Google Voice, which lets users view the suspected spam caller both on the call screen and history list. They can also confirm a suspected spam call and send the number to the spam folder. Google updated Google Docs by adding emoji reactions to documents for expressing opinions informally. It also added writing suggestions capability, featuring a purple underline to help users with the tone, style and word choice. These initiatives will continue to help Google gain momentum across organizations demanding productivity and collaboration tools. This, in turn, will drive Google’s parent Alphabet’s top line in the days ahead. We believe that this will help the company in winning the confidence of the investors in the near and long terms. Shares of Alphabet have lost 28.6% in the past year compared with the Computer and Technology sector’s decline of 23.8%. Zacks Rank & Stocks to Consider Currently, Alphabet carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader Zacks Computer & Technology sector are Arista Networks ANET and Agilent Technologies A, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Arista Networks has lost 6% in the past year. The long-term earnings growth rate for ANET is currently projected at 17.5%. Agilent Technologies has gained 11.2% in the past year. A’s long-term earnings growth rate is currently projected at 10%. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report Zoom Video Communications, Inc. (ZM) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

It also added writing suggestions capability, featuring a purple underline to help users with the tone, style and word choice. These initiatives will continue to help Google gain momentum across organizations demanding productivity and collaboration tools. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.

Per the partnership terms, users can join Zoom Meetings from Google Meet hardware devices or join Google Meet meetings from Zoom Rooms. Efforts to Bolster Google Workspace With the growing Google Meet initiatives, Google is consistently adding strength to the Google Workspace, consisting of Gmail, Meet, Drive, Docs, Voice and more. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report Zoom Video Communications, Inc. (ZM) : Free Stock Analysis Report To read this article on Zacks.com click here.

Alphabet Inc. Price and Consensus Alphabet Inc. price-consensus-chart | Alphabet Inc. Quote Growing Google Meet Initiatives Apart from the latest effort, Google added a 360-degree background feature to Google Meet, which will let users to customize their video feed while attending meetings. Efforts to Bolster Google Workspace With the growing Google Meet initiatives, Google is consistently adding strength to the Google Workspace, consisting of Gmail, Meet, Drive, Docs, Voice and more. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report Zoom Video Communications, Inc. (ZM) : Free Stock Analysis Report To read this article on Zacks.com click here.

Alphabet Inc. Price and Consensus Alphabet Inc. price-consensus-chart | Alphabet Inc. Quote Growing Google Meet Initiatives Apart from the latest effort, Google added a 360-degree background feature to Google Meet, which will let users to customize their video feed while attending meetings. Google added a live sharing feature to Meet, which lets all meeting participants to interact with the YouTube or Spotify content, or games that’s being shared to them. Some better-ranked stocks in the broader Zacks Computer & Technology sector are Arista Networks ANET and Agilent Technologies A, each carrying a Zacks Rank #2 (Buy) at present.

271.0

2023-01-19 00:00:00 UTC

Texas Instruments (TXN) Introduces Ultrasonic Lens Chipsets

A

https://www.nasdaq.com/articles/texas-instruments-txn-introduces-ultrasonic-lens-chipsets

Texas Instruments TXN launched ultrasonic lens cleaning semiconductors named the ULC1001 digital signal processor and companion DRV2901 piezo transducer driver. Featuring a proprietary technology, the chipsets use microscopic vibrations to enable camera systems in quickly detecting and removing contaminants from camera lenses. With the new ultrasonic lens cleaning chipsets, TXN focuses on improving system accuracy and thereby reducing maintenance requirements. The semiconductors will cater to the growing need of simple and self-cleaning cameras and sensors in various automotive and industrial applications. On the back of ultrasonic lens cleaning chipsets, Texas Instruments is expected to gain momentum among customers. This, in turn, will contribute well to the company’s top-line growth. Consequently, this will help Texas Instruments win the confidence of the investors in the near and long terms. Shares of TXN have been up 0.2% in the past year against the Zacks Computer and Technology sector’s decline of 24.8%. Texas Instruments Incorporated Price and Consensus Texas Instruments Incorporated price-consensus-chart | Texas Instruments Incorporated Quote Expanding Portfolio Offerings The recent introduction of chipsets bodes well with the company’s growing efforts toward expanding its portfolio of solutions. Apart from the recent launch, the company unveiled the latest portfolio of isolated solid-state relays to help engineers reduce the cost and size of high-voltage power supplies while maintaining safe electric vehicles. It introduced a radar sensor called AWR2944 to strengthen its presence in the booming ADAS market. AWR2944 is a 77 GHz sensor integrating a fourth transmitter to provide 33% higher resolution than the existing radar sensors. It also introduced the 3D Hall-effect position sensor named TMAG5170. With the help of this sensor, engineers are able to get uncalibrated ultra-high precision at high speed for quick and accurate real-time control in factory automation and motor-drive applications. Though Texas Instruments’ growing portfolio solutions remain a positive, the imposition of new export regulations and softness in the personal electronics end-market remains a headwind. Zacks Rank & Stocks to Consider Currently, Texas Instruments has a Zacks Rank #4 (Sell). Some better-ranked stocks in the broader Zacks Computer & Technology sector are Arista Networks ANET, Agilent Technologies A and Asure Software ASUR, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Arista Networks has lost 5.7% in the past year. The long-term earnings growth rate for ANET is currently projected at 17.5%. Agilent has gained 10.5% in the past year. A’s long-term earnings growth rate is currently projected at 10%. Asure Software has gained 35.8% in the past year. The long-term earnings growth rate for ASUR is currently projected at 23%. 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops." Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.8% per year. So be sure to give these hand-picked 7 your immediate attention. See them now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Texas Instruments Incorporated (TXN) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Texas Instruments TXN launched ultrasonic lens cleaning semiconductors named the ULC1001 digital signal processor and companion DRV2901 piezo transducer driver. Apart from the recent launch, the company unveiled the latest portfolio of isolated solid-state relays to help engineers reduce the cost and size of high-voltage power supplies while maintaining safe electric vehicles. With the help of this sensor, engineers are able to get uncalibrated ultra-high precision at high speed for quick and accurate real-time control in factory automation and motor-drive applications.

Texas Instruments TXN launched ultrasonic lens cleaning semiconductors named the ULC1001 digital signal processor and companion DRV2901 piezo transducer driver. Some better-ranked stocks in the broader Zacks Computer & Technology sector are Arista Networks ANET, Agilent Technologies A and Asure Software ASUR, each carrying a Zacks Rank #2 (Buy) at present. Click to get this free report Texas Instruments Incorporated (TXN) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

Texas Instruments Incorporated Price and Consensus Texas Instruments Incorporated price-consensus-chart | Texas Instruments Incorporated Quote Expanding Portfolio Offerings The recent introduction of chipsets bodes well with the company’s growing efforts toward expanding its portfolio of solutions. Some better-ranked stocks in the broader Zacks Computer & Technology sector are Arista Networks ANET, Agilent Technologies A and Asure Software ASUR, each carrying a Zacks Rank #2 (Buy) at present. Click to get this free report Texas Instruments Incorporated (TXN) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

Texas Instruments Incorporated Price and Consensus Texas Instruments Incorporated price-consensus-chart | Texas Instruments Incorporated Quote Expanding Portfolio Offerings The recent introduction of chipsets bodes well with the company’s growing efforts toward expanding its portfolio of solutions. Some better-ranked stocks in the broader Zacks Computer & Technology sector are Arista Networks ANET, Agilent Technologies A and Asure Software ASUR, each carrying a Zacks Rank #2 (Buy) at present. Asure Software has gained 35.8% in the past year.

272.0

2023-01-19 00:00:00 UTC

Agilent Technologies (A) Is Up 6.26% in One Week: What You Should Know

A

https://www.nasdaq.com/articles/agilent-technologies-a-is-up-6.26-in-one-week%3A-what-you-should-know

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us. Below, we take a look at Agilent Technologies (A), a company that currently holds a Momentum Style Score of B. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score. It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Agilent Technologies currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period. You can see the current list of Zacks #1 Rank Stocks here >>> Set to Beat the Market? In order to see if An is a promising momentum pick, let's examine some Momentum Style elements to see if this scientific instrument maker holds up. Looking at a stock's short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area. For A, shares are up 6.26% over the past week while the Zacks Electronics - Testing Equipment industry is up 6.74% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 2.65% compares favorably with the industry's 6.56% performance as well. Considering longer term price metrics, like performance over the last three months or year, can be advantageous as well. Over the past quarter, shares of Agilent Technologies have risen 11.9%, and are up 9.71% in the last year. On the other hand, the S&P 500 has only moved 6.04% and -12.82%, respectively. Investors should also take note of A's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. Right now, An is averaging 1,027,326 shares for the last 20 days. Earnings Outlook The Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. Please note that estimate revision trends remain at the core of Zacks Rank as well. A nice path here can help show promise, and we have recently been seeing that with A. Over the past two months, 8 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost A's consensus estimate, increasing from $5.48 to $5.64 in the past 60 days. Looking at the next fiscal year, 3 estimates have moved upwards while there have been 1 downward revision in the same time period. Bottom Line Given these factors, it shouldn't be surprising that An is a #2 (Buy) stock and boasts a Momentum Score of B. If you're looking for a fresh pick that's set to soar in the near-term, make sure to keep Agilent Technologies on your short list. 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops." Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.8% per year. So be sure to give these hand-picked 7 your immediate attention. See them now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score. It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Earnings Outlook The Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes.

Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period. Earnings Outlook The Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. Over the past two months, 8 earnings estimates moved higher compared to none lower for the full year.

Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys.

Below, we take a look at Agilent Technologies (A), a company that currently holds a Momentum Style Score of B. Agilent Technologies currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.

273.0

2023-01-19 00:00:00 UTC

Interesting A Put And Call Options For March 17th

A

https://www.nasdaq.com/articles/interesting-a-put-and-call-options-for-march-17th

Investors in Agilent Technologies, Inc. (Symbol: A) saw new options become available today, for the March 17th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the A options chain for the new March 17th contracts and identified one put and one call contract of particular interest. The put contract at the $150.00 strike price has a current bid of $4.60. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $150.00, but will also collect the premium, putting the cost basis of the shares at $145.40 (before broker commissions). To an investor already interested in purchasing shares of A, that could represent an attractive alternative to paying $152.36/share today. Because the $150.00 strike represents an approximate 2% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 3.07% return on the cash commitment, or 19.65% annualized — at Stock Options Channel we call this the YieldBoost. Below is a chart showing the trailing twelve month trading history for Agilent Technologies, Inc., and highlighting in green where the $150.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $155.00 strike price has a current bid of $4.40. If an investor was to purchase shares of A stock at the current price level of $152.36/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $155.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 4.62% if the stock gets called away at the March 17th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if A shares really soar, which is why looking at the trailing twelve month trading history for Agilent Technologies, Inc., as well as studying the business fundamentals becomes important. Below is a chart showing A's trailing twelve month trading history, with the $155.00 strike highlighted in red: Considering the fact that the $155.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 2.89% boost of extra return to the investor, or 18.51% annualized, which we refer to as the YieldBoost. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $152.36) to be 35%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. Top YieldBoost Calls of Stocks Analysts Like » Also see: • GMZ Split History • VIOO Historical Stock Prices • JGW Insider Buying The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Because the $150.00 strike represents an approximate 2% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Of course, a lot of upside could potentially be left on the table if A shares really soar, which is why looking at the trailing twelve month trading history for Agilent Technologies, Inc., as well as studying the business fundamentals becomes important.

The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Below is a chart showing the trailing twelve month trading history for Agilent Technologies, Inc., and highlighting in green where the $150.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $155.00 strike price has a current bid of $4.40. Investors in Agilent Technologies, Inc. (Symbol: A) saw new options become available today, for the March 17th expiration.

The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Below is a chart showing the trailing twelve month trading history for Agilent Technologies, Inc., and highlighting in green where the $150.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $155.00 strike price has a current bid of $4.40. Below is a chart showing A's trailing twelve month trading history, with the $155.00 strike highlighted in red: Considering the fact that the $155.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected.

At Stock Options Channel, our YieldBoost formula has looked up and down the A options chain for the new March 17th contracts and identified one put and one call contract of particular interest. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Should the contract expire worthless, the premium would represent a 3.07% return on the cash commitment, or 19.65% annualized — at Stock Options Channel we call this the YieldBoost.

274.0

2023-01-18 00:00:00 UTC

Alphabet (GOOGL) Updates Google Clock With Custom Alarm Sound

A

https://www.nasdaq.com/articles/alphabet-googl-updates-google-clock-with-custom-alarm-sound

Alphabet's GOOGL division Google is putting strong efforts toward making Android apps more user-friendly by adding innovative features. This is evident from the company’s latest step of adding a custom alarm sound feature to its Android app, Google Clock. This new feature will allow users to record their own custom alarm sounds for regular alarms or alarms at any time. Users will now be able to use their own voice clip as the alarm tone. It can be done by tapping the “Record new” sound button in the alarm section, which will then launch Google Recorder, through which users will be able to record their voice clip. Move to Benefit The latest move strengthens the features of Google Clock, which is used by almost every Android user on a daily basis. Further, the new feature complements the existing feature of Google Clock, which lets users use a song or a podcast from Spotify or YouTube Music, or a downloaded clip from the on-device internal storage, as their alarm tone. Hence, we believe Google’s efforts to add customizing features to its Clock app will continue to deliver an enhanced experience to Android users. Notably, Android forms an integral part of Alphabet’s Google Services segment. Hence, the latest move adds strength to this particular segment. Strengthening Google Services Apart from the Google Clock efforts, Google has been constantly working toward bolstering its other services. Recently, it introduced memory saver and energy saver modes on Chrome to improve the browser’s performance. Additionally, the company is reportedly working on a security option for Chrome to provide an enhanced security experience to users. This apart, Google recently added touch control features to the Google Home app for compatible devices. The touch controls include volume up/down, un/mute, power on/off, play, pause, channel, and a source list. YouTube is also reportedly testing a search engine feature that will assist users in finding specific content on its platform. Further, it introduced handles for YouTube channels to support creators in establishing their distinct presence and brand on YouTube. We believe all these efforts will likely contribute well to the performance of the Google Services segment in the near term. This in turn will drive Alphabet’s overall top-line growth. Notably, Google Services accounts for the majority of Alphabet’s total revenues. Google Services’ revenues increased 2.5% year over year to $61.4 billion, accounting for 88.8% of the total third-quarter 2022 revenues. Zacks Rank & Stocks to Consider Currently, Alphabet carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader Zacks Computer & Technology sector are Arista Networks ANET, Agilent technologies A and Asure Software ASUR. All the stocks carry a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here. Arista Networks has lost 8.5% in the past year. The long-term earnings growth rate for ANET is currently projected at 17.5%. Agilent has gained 10.6% in the past year. A’s long-term earnings growth rate is currently projected at 10%. Asure Software has gained 37.9% in the past year. The long-term earnings growth rate for ASUR is currently projected at 23%. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. Today, See These 5 Potential Home Runs >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This is evident from the company’s latest step of adding a custom alarm sound feature to its Android app, Google Clock. Hence, we believe Google’s efforts to add customizing features to its Clock app will continue to deliver an enhanced experience to Android users. YouTube is also reportedly testing a search engine feature that will assist users in finding specific content on its platform.

This is evident from the company’s latest step of adding a custom alarm sound feature to its Android app, Google Clock. This apart, Google recently added touch control features to the Google Home app for compatible devices. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

Further, the new feature complements the existing feature of Google Clock, which lets users use a song or a podcast from Spotify or YouTube Music, or a downloaded clip from the on-device internal storage, as their alarm tone. Strengthening Google Services Apart from the Google Clock efforts, Google has been constantly working toward bolstering its other services. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

Hence, we believe Google’s efforts to add customizing features to its Clock app will continue to deliver an enhanced experience to Android users. We believe all these efforts will likely contribute well to the performance of the Google Services segment in the near term. Today, See These 5 Potential Home Runs >> Want the latest recommendations from Zacks Investment Research?

275.0

2023-01-18 00:00:00 UTC

Jack Henry (JKHY) Expands Credit Card Offerings With TIB

A

https://www.nasdaq.com/articles/jack-henry-jkhy-expands-credit-card-offerings-with-tib

Jack Henry & Associates JKHY expanded its credit card offering in partnership with TIB to strengthen its payment solutions portfolio. Jack Henry is leveraging TIB’s Agent Credit Card program for this purpose. With this program, Jack Henry will help various financial institutions to issue credit cards seamlessly. Financial institutions will be able to purchase and transform their agent portfolios into in-house and self-managed ones on the back of the Agent Credit Card program. The program’s robust relationship-based underwriting process will allow these institutions to leverage higher approval and card usage rates. Given these benefits, we believe that Jack Henry will gain solid momentum among financial institutions, which, in turn, will strengthen its customer base. Expanding Portfolio The latest move bodes well for the company’s growing efforts toward expanding its solutions portfolio. Recently, Jack Henry unveiled a policy management solution that streamlines policy creation, review, approvals, attestations, and exceptions with workflows, documentation and storage on a single platform. Additionally, the company’s recent acquisition of Payrailz remains noteworthy. The buyout allows Jack Henry to aid financial institutions to cater to the needs of consumers and commercial accountholders seamlessly. On the back of the buyout, JKHY rolled out its standalone person-to-person payment solutions. Growing Customer Base An expanding solutions portfolio continues to aid Jack Henry in gaining strong customer momentum. Recently, the company’s Symitar platform was selected by L&N Federal Credit Union. The latter strives to build and offer solutions through fintech relationships, equip its members with advanced tools, streamline its operations, and boost efficiencies on the back of Symitar. Further, JKHY got picked by TIB last month. TIB is leveraging the former’s technology platform to support near and long-term operations. We believe that growing customer momentum will continue to aid the company in winning investor confidence in the near term. Shares of Jack Henry have gained 10% in the past year against the industry’s decline of 1%. However, the company is suffering from mounting expenditure. Rising headcounts and personnel costs are weighing on margin expansion. Also, increasing expenses related to the card processing platform are concerning. Zacks Rank & Stocks to Consider Currently, Jack Henry carries a Zacks Rank #4 (Sell). Some better-ranked stocks in the broader Zacks Computer & Technology sector are Arista Networks ANET, Agilent technologies A and Asure Software ASUR. All companies carry a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Arista Networks has lost 8.5% in the past year. The long-term earnings growth rate for ANET is projected at 17.5%. Agilent has gained 10.6% in the past year. A’s long-term earnings growth rate is projected at 10%. Asure Software has gained 37.9% in the past year. The long-term earnings growth rate for ASUR is projected at 23%. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. Today, See These 5 Potential Home Runs >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Jack Henry & Associates, Inc. (JKHY) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Jack Henry & Associates JKHY expanded its credit card offering in partnership with TIB to strengthen its payment solutions portfolio. Given these benefits, we believe that Jack Henry will gain solid momentum among financial institutions, which, in turn, will strengthen its customer base. The latter strives to build and offer solutions through fintech relationships, equip its members with advanced tools, streamline its operations, and boost efficiencies on the back of Symitar.

Jack Henry & Associates JKHY expanded its credit card offering in partnership with TIB to strengthen its payment solutions portfolio. Growing Customer Base An expanding solutions portfolio continues to aid Jack Henry in gaining strong customer momentum. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Jack Henry & Associates, Inc. (JKHY) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

Jack Henry & Associates JKHY expanded its credit card offering in partnership with TIB to strengthen its payment solutions portfolio. Zacks Rank & Stocks to Consider Currently, Jack Henry carries a Zacks Rank #4 (Sell). Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Jack Henry & Associates, Inc. (JKHY) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

Jack Henry & Associates JKHY expanded its credit card offering in partnership with TIB to strengthen its payment solutions portfolio. TIB is leveraging the former’s technology platform to support near and long-term operations. Today, See These 5 Potential Home Runs >> Want the latest recommendations from Zacks Investment Research?

276.0

2023-01-17 00:00:00 UTC

Zacks.com featured highlights include Herc Holdings, Nexstar Media Group, Expedia Group and Agilent Technologies

A

https://www.nasdaq.com/articles/zacks.com-featured-highlights-include-herc-holdings-nexstar-media-group-expedia-group-and

For Immediate Release Chicago, IL – January 17, 2023 – Stocks in this week’s article are Herc Holdings Inc. HRI, Nexstar Media Group, Inc. NXST, Expedia Group, Inc. EXPE and Agilent Technologies, Inc. A. These 4 Stocks Boast Impressive Interest Coverage Ratios An ill-informed investor can lose cash if he wagers on a stock only on the basis of the numbers flashing on a real-time stock screen. A critical analysis of the company's financial background is always required for a better investment decision, especially at a time when the stock market is juggling myriad issues, such as soaring inflation, supply chain bottlenecks and a hawkish monetary policy. Often, investors evaluate a company's performance by simply looking at its sales and earnings, which sometimes do not reveal the real picture. To be more precise, they do not tell whether a company's fundamentals are sound enough to meet its financial obligations. Here, the coverage ratio comes into play — the higher the metric, the more efficient an enterprise will be in meeting its financial obligations. Why Interest Coverage Ratio? The interest coverage ratio is used to determine how effectively a company can pay interest charges on its debt. Debt, which is crucial to financing operations for the majority of companies, comes at a cost called interest. Interest expense has a direct bearing on the profitability of a company. The company's creditworthiness depends on how effectively it meets its interest obligations. Therefore, Interest Coverage Ratio is one of the important criteria to factor in before making any investment decision. Interest Coverage Ratio = Earnings before Interest & Taxes (EBIT) divided by Interest Expense. Interest Coverage Ratio suggests how many times the interest could be paid from earnings and gauges the margin of safety a firm has for paying interest. An interest coverage ratio lower than one suggests that the company is unable to fulfill its interest obligations and could default on repaying debt. A company capable of generating earnings well above its interest expense can withstand financial hardships. One should also track the company's past performance to determine whether the interest coverage ratio has improved or worsened over a period of time. Herc Holdings Inc., Nexstar Media Group, Inc., Expedia Group, Inc. and Agilent Technologies, Inc. boast an impressive interest coverage ratio. Here are four of the seven stocks that qualified the screening: Herc Holdings, which operates as an equipment rental supplier in the United States and internationally, sports a Zacks Rank #1 and has a VGM Score of B. The expected EPS growth rate for three-five years is 20.6%. You can see the complete list of today's Zacks #1 Rank stocks here. The Zacks Consensus Estimate for Herc Holdings' current financial year sales and EPS suggests growth of 31.9% and 51.6%, respectively, from the year-ago period. HRI has declined 9.3% in the past year. Nexstar Media Group, a television broadcasting and digital media company, carries a Zacks Rank #1 and has a VGM Score of B. The expected EPS growth rate for three-five years is 10%. The Zacks Consensus Estimate for Nexstar Media Group's current financial year for sales and EPS suggests growth of 13.5% and 42%, respectively, from the year-ago period. Nexstar Media Group has a trailing four-quarter earnings surprise of 26.3%, on average. The stock has risen 8.3% in the past year. Expedia Group, which operates as an online travel company in the United States and internationally, carries a Zacks Rank #1 and has a VGM Score of A. The expected EPS growth rate for three-five years is 14%. The Zacks Consensus Estimate for Expedia Group's current financial year sales and EPS suggests growth of 36.8% and 352.1%, respectively, from the year-ago period. The stock has fallen 42.5% in the past year. Agilent Technologies, which provides application-focused solutions to the life sciences, diagnostics, and applied chemical markets globally, carries a Zacks Rank #2 and has a VGM Score of B. The expected EPS growth rate for three-five years is 10%. The Zacks Consensus Estimate for Agilent Technologies' current financial year sales and EPS suggests growth of 1.6% and 8.1%, respectively, from the year-ago period. Agilent Technologies has a trailing four-quarter earnings surprise of 6.7%, on average. The stock has appreciated 8.5% in the past year. You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and backtest them first before taking the investment plunge. The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out. Click here to sign up for a free trial to the Research Wizard today. For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/2039704/these-4-stocks-boast-impressive-interest-coverage-ratio Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. About Screen of the Week Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use. Strong Stocks that Should Be in the News Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>. 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This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release. This Little-Known Semiconductor Stock Could Be Your Portfolio’s Hedge Against Inflation Everyone uses semiconductors. But only a small number of people know what they are and what they do. If you use a smartphone, computer, microwave, digital camera or refrigerator (and that’s just the tip of the iceberg), you have a need for semiconductors. That’s why their importance can’t be overstated and their disruption in the supply chain has such a global effect. But every cloud has a silver lining. Shockwaves to the international supply chain from the global pandemic have unearthed a tremendous opportunity for investors. And today, Zacks' leading stock strategist is revealing the one semiconductor stock that stands to gain the most in a new FREE report. It's yours at no cost and with no obligation. >>Yes, I Want to Help Protect My Portfolio During the Recession Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Expedia Group, Inc. (EXPE) : Free Stock Analysis Report Nexstar Media Group, Inc (NXST) : Free Stock Analysis Report Herc Holdings Inc. (HRI) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

A critical analysis of the company's financial background is always required for a better investment decision, especially at a time when the stock market is juggling myriad issues, such as soaring inflation, supply chain bottlenecks and a hawkish monetary policy. Here are four of the seven stocks that qualified the screening: Herc Holdings, which operates as an equipment rental supplier in the United States and internationally, sports a Zacks Rank #1 and has a VGM Score of B. The expected EPS growth rate for three-five years is 10%.

For Immediate Release Chicago, IL – January 17, 2023 – Stocks in this week’s article are Herc Holdings Inc. HRI, Nexstar Media Group, Inc. NXST, Expedia Group, Inc. EXPE and Agilent Technologies, Inc. A. Herc Holdings Inc., Nexstar Media Group, Inc., Expedia Group, Inc. and Agilent Technologies, Inc. boast an impressive interest coverage ratio. The expected EPS growth rate for three-five years is 10%.

These 4 Stocks Boast Impressive Interest Coverage Ratios An ill-informed investor can lose cash if he wagers on a stock only on the basis of the numbers flashing on a real-time stock screen. The expected EPS growth rate for three-five years is 10%. The Zacks Consensus Estimate for Nexstar Media Group's current financial year for sales and EPS suggests growth of 13.5% and 42%, respectively, from the year-ago period.

Herc Holdings Inc., Nexstar Media Group, Inc., Expedia Group, Inc. and Agilent Technologies, Inc. boast an impressive interest coverage ratio. The expected EPS growth rate for three-five years is 10%. You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading.

277.0

2023-01-16 00:00:00 UTC

Garmin (GRMN) Boosts Marine Offerings With New Chartplotters

A

https://www.nasdaq.com/articles/garmin-grmn-boosts-marine-offerings-with-new-chartplotters

Garmin GRMN has been continuously putting efforts into strengthening its portfolio of marine offerings. This is evident from its latest move of unveiling a new ECHOMAP UHD2 chartplotter series, which includes advanced features, and a 6”, 7” or 9” bright, sunlight-readable touchscreen display. The new chartplotters are equipped with preloaded Garmin Navionics+ mapping, Ultra High-Definition sonar, wireless networking for data sharing and support for LiveScope live-scanning sonar. More precisely, these chartplotters are comprised of GT54UHD or GT56UHD transducer, which offer absolutely clear imaging of fish and structure. Further, Garmin Navionics+ mapping assists users on the water by directing them to areas where fish may be hiding. With these useful features, Garmin is likely to see a strong adoption of the new ECHOMAP UHD2 chartplotter by boaters as well as anglers. Garmin Ltd. Price and Consensus Garmin Ltd. price-consensus-chart | Garmin Ltd. Quote Expanding Marine Offerings The latest move bodes well for the company’s growing efforts toward expanding its marine offerings as well as the ECHOMAP UHD2 chartplotter family. Apart from the introduction of the new ECHOMAP UHD2 chartplotter series, the company recently unveiled the ECHOMAP UHD2 chartplotter series with high-contrast scanning sonar power, mapping and fish-finding features to help anglers with effective fishing. Further, it introduced the Signature Series 3i 8.8” wake tower marine speakers under its brand Fusion Entertainment. Additionally, GRMN’s unveiling of the LiveScope Plus System with a sharper resolution, reduced noise and the clearest images for recreational fishing remains noteworthy. To Conclude Strengthening the marine solutions portfolio will continue to bolster the performance of the marine segment, which has become an integral part of GRMN. The marine segment generated sales of $196.5 million, accounting for 17% of total third-quarter 2022 revenues. However, the figure declined 5% on a year over year basis. Pandemic-led supply-chain disruptions are likely to continue impacting the segment negatively in the near term. Shares of GRMN have declined 25.8% over the past one year against the industry’s decline of 31%. Zacks Rank & Stocks to Consider Currently, Garmin carries a Zacks Rank #4 (Sell). Some better-ranked stocks in the broader Zacks Computer & Technology sector are Arista Networks ANET, ASML Holding ASML and Agilent technologies A. While Arista Networks and ASML Holding sport a Zacks Rank #1 (Strong Buy), Agilent carries a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here. Arista Networks has lost 11.4% in the past year. The long-term earnings growth rate for ANET is currently projected at 17.5%. ASML Holding has lost 11.4% in the past year. The long-term earnings growth rate for ASML is currently projected at 23.74%. Agilent has gained 8.5% in the past year. A’s long-term earnings growth rate is currently projected at 10%. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Garmin Ltd. (GRMN) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report ASML Holding N.V. (ASML) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This is evident from its latest move of unveiling a new ECHOMAP UHD2 chartplotter series, which includes advanced features, and a 6”, 7” or 9” bright, sunlight-readable touchscreen display. Additionally, GRMN’s unveiling of the LiveScope Plus System with a sharper resolution, reduced noise and the clearest images for recreational fishing remains noteworthy. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.

Apart from the introduction of the new ECHOMAP UHD2 chartplotter series, the company recently unveiled the ECHOMAP UHD2 chartplotter series with high-contrast scanning sonar power, mapping and fish-finding features to help anglers with effective fishing. While Arista Networks and ASML Holding sport a Zacks Rank #1 (Strong Buy), Agilent carries a Zacks Rank #2 (Buy) at present. Click to get this free report Garmin Ltd. (GRMN) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report ASML Holding N.V. (ASML) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

Garmin Ltd. Price and Consensus Garmin Ltd. price-consensus-chart | Garmin Ltd. Quote Expanding Marine Offerings The latest move bodes well for the company’s growing efforts toward expanding its marine offerings as well as the ECHOMAP UHD2 chartplotter family. Apart from the introduction of the new ECHOMAP UHD2 chartplotter series, the company recently unveiled the ECHOMAP UHD2 chartplotter series with high-contrast scanning sonar power, mapping and fish-finding features to help anglers with effective fishing. Click to get this free report Garmin Ltd. (GRMN) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report ASML Holding N.V. (ASML) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

Garmin Ltd. Price and Consensus Garmin Ltd. price-consensus-chart | Garmin Ltd. Quote Expanding Marine Offerings The latest move bodes well for the company’s growing efforts toward expanding its marine offerings as well as the ECHOMAP UHD2 chartplotter family. Apart from the introduction of the new ECHOMAP UHD2 chartplotter series, the company recently unveiled the ECHOMAP UHD2 chartplotter series with high-contrast scanning sonar power, mapping and fish-finding features to help anglers with effective fishing. To Conclude Strengthening the marine solutions portfolio will continue to bolster the performance of the marine segment, which has become an integral part of GRMN.

278.0

2023-01-16 00:00:00 UTC

These 4 Stocks Boast Impressive Interest Coverage Ratio

A

https://www.nasdaq.com/articles/these-4-stocks-boast-impressive-interest-coverage-ratio-0

An ill-informed investor can lose cash if he wagers on a stock only on the basis of the numbers flashing on a real-time stock screen. A critical analysis of the company’s financial background is always required for a better investment decision, especially at a time when the stock market is juggling myriad issues, such as soaring inflation, supply chain bottlenecks and a hawkish monetary policy. Often, investors evaluate a company’s performance by simply looking at its sales and earnings, which sometimes do not reveal the real picture. To be more precise, they do not tell whether a company’s fundamentals are sound enough to meet its financial obligations. Here, the coverage ratio comes into play — the higher the metric, the more efficient an enterprise will be in meeting its financial obligations. Why Interest Coverage Ratio? The interest coverage ratio is used to determine how effectively a company can pay interest charges on its debt. Debt, which is crucial to financing operations for the majority of companies, comes at a cost called interest. Interest expense has a direct bearing on the profitability of a company. The company’s creditworthiness depends on how effectively it meets its interest obligations. Therefore, Interest Coverage Ratio is one of the important criteria to factor in before making any investment decision. Interest Coverage Ratio = Earnings before Interest & Taxes (EBIT) divided by Interest Expense. Interest Coverage Ratio suggests how many times the interest could be paid from earnings and gauges the margin of safety a firm has for paying interest. An interest coverage ratio lower than one suggests that the company is unable to fulfill its interest obligations and could default on repaying debt. A company capable of generating earnings well above its interest expense can withstand financial hardships. One should also track the company’s past performance to determine whether the interest coverage ratio has improved or worsened over a period of time. Herc Holdings Inc. HRI, Nexstar Media Group, Inc. NXST, Expedia Group, Inc. EXPE and Agilent Technologies, Inc. A boast an impressive interest coverage ratio. The Winning Strategy Apart from having an Interest Coverage ratio that is more than the industry average, adding a favorable Zacks Rank and a VGM Score of A or B to your search criteria should lead to better results. Interest Coverage Ratio greater than X-Industry Median Price greater than or equal to 5: The stocks must all be trading at a minimum of $5 or higher. 5-Year Historical EPS Growth (%) greater than X-Industry Median: Stocks with a strong EPS growth history. Projected EPS Growth (%) greater than X-Industry Median: This is the projected EPS growth over the next three to five years. This shows that the stock has near-term earnings growth potential. Average 20-Day Volume greater than 100,000: A substantial trading volume ensures that the stock is easily tradable. Zacks Rank less than or equal to 2: Zacks Rank #1 (Strong Buy) or 2 (Buy) stocks are known to outperform irrespective of the market environment. VGM Score of less than or equal to B: Our research shows that stocks with a VGM Score of A or B, when combined with a Zacks Rank #1 or 2, offer the best upside potential. Here are four of the seven stocks that qualified the screening: Herc Holdings, which operates as an equipment rental supplier in the United States and internationally, sports a Zacks Rank #1 and has a VGM Score of B. The expected EPS growth rate for three-five years is 20.6%. You can see the complete list of today’s Zacks #1 Rank stocks here. The Zacks Consensus Estimate for Herc Holdings’ current financial year sales and EPS suggests growth of 31.9% and 51.6%, respectively, from the year-ago period. HRI has declined 9.3% in the past year. Nexstar Media Group, a television broadcasting and digital media company, carries a Zacks Rank #1 and has a VGM Score of B. The expected EPS growth rate for three-five years is 10%. The Zacks Consensus Estimate for Nexstar Media Group’s current financial year for sales and EPS suggests growth of 13.5% and 42%, respectively, from the year-ago period. Nexstar Media Group has a trailing four-quarter earnings surprise of 26.3%, on average. The stock has risen 8.3% in the past year. Expedia Group, which operates as an online travel company in the United States and internationally, carries a Zacks Rank #1 and has a VGM Score of A. The expected EPS growth rate for three-five years is 14%. The Zacks Consensus Estimate for Expedia Group’s current financial year sales and EPS suggests growth of 36.8% and 352.1%, respectively, from the year-ago period. The stock has fallen 42.5% in the past year. Agilent Technologies, which provides application-focused solutions to the life sciences, diagnostics, and applied chemical markets globally, carries a Zacks Rank #2 and has a VGM Score of B. The expected EPS growth rate for three-five years is 10%. The Zacks Consensus Estimate for Agilent Technologies’ current financial year sales and EPS suggests growth of 1.6% and 8.1%, respectively, from the year-ago period. Agilent Technologies has a trailing four-quarter earnings surprise of 6.7%, on average. The stock has appreciated 8.5% in the past year. You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and backtest them first before taking the investment plunge. The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out. Click here to sign up for a free trial to the Research Wizard today. Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. Disclosure: Performance information for Zacks’ portfolios and strategies are available at: https://www.zacks.com/performance. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Expedia Group, Inc. (EXPE) : Free Stock Analysis Report Nexstar Media Group, Inc (NXST) : Free Stock Analysis Report Herc Holdings Inc. (HRI) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

A critical analysis of the company’s financial background is always required for a better investment decision, especially at a time when the stock market is juggling myriad issues, such as soaring inflation, supply chain bottlenecks and a hawkish monetary policy. The Winning Strategy Apart from having an Interest Coverage ratio that is more than the industry average, adding a favorable Zacks Rank and a VGM Score of A or B to your search criteria should lead to better results. The expected EPS growth rate for three-five years is 10%.

Herc Holdings Inc. HRI, Nexstar Media Group, Inc. NXST, Expedia Group, Inc. EXPE and Agilent Technologies, Inc. A boast an impressive interest coverage ratio. The Zacks Consensus Estimate for Herc Holdings’ current financial year sales and EPS suggests growth of 31.9% and 51.6%, respectively, from the year-ago period. The expected EPS growth rate for three-five years is 10%.

Interest Coverage Ratio suggests how many times the interest could be paid from earnings and gauges the margin of safety a firm has for paying interest. The expected EPS growth rate for three-five years is 10%. The Zacks Consensus Estimate for Nexstar Media Group’s current financial year for sales and EPS suggests growth of 13.5% and 42%, respectively, from the year-ago period.

One should also track the company’s past performance to determine whether the interest coverage ratio has improved or worsened over a period of time. Herc Holdings Inc. HRI, Nexstar Media Group, Inc. NXST, Expedia Group, Inc. EXPE and Agilent Technologies, Inc. A boast an impressive interest coverage ratio. The expected EPS growth rate for three-five years is 10%.

279.0

2023-01-16 00:00:00 UTC

Alphabet (GOOGL) Joins Pivot to Aid Adoption of Nest Devices

A

https://www.nasdaq.com/articles/alphabet-googl-joins-pivot-to-aid-adoption-of-nest-devices

Alphabet’s GOOGL subsidiary Google is consistently forming strategic partnerships to provide better services to customers. Reportedly, Google partnered with Pivot Energy, the leading national developer of onsite solar projects and small utility solar projects. Google’s collaboration with Pivot Energy is aimed at providing community solar programs to users having a Home or Nest device and Google account. Users have to sign up for a paid subscription for the community solar project for building a local solar farm. They will be able to avail solar credits each month on electricity bill once the solar panels are live. Currently, the solar subscription is available for users living in Colorado and Illinois. Alphabet Inc. Price and Consensus Alphabet Inc. price-consensus-chart | Alphabet Inc. Quote Move to Benefit With the recent collaboration, Google aims to help subscribers staying in these states save at least $60 on their electricity bill in the first year. Also, the first 2,000 people subscribing to the solar program will get $125 Google Store gift card. This is expected to aid Google gain momentum among customers staying in Colorado and Illinois and thereby boost the adoption rate of Nest devices and Google account. This, in turn, is likely to drive the performance of Google Services segment, which contributes the most to Google’s parent, Alphabet’s top line. Revenues from the Google services business increased 2.5% year over year to $61.4 billion, accounting for 88.8% of the total third-quarter revenues. Strength in Google Nest Offerings The recent partnership with Pivot Energy bodes well for Google’s growing efforts toward increasing demand of Nest devices. Alphabet joined forces with The National Asian/Pacific Islander American Chamber of Commerce and Entrepreneurship and the Asian American Federation provide security devices and resources in the form of Nest Cam Kits to the Asian American and Pacific Islander-owned small businesses. Further, Google is continuously expanding Nest portfolio with smart home products like smart speakers, smart displays, thermostats, smoke detectors, smart doorbells, cameras and smart locks. Alphabet recently launched the next-generation Nest Doorbell. The Doorbell provides all-day video history recording to users with Nest Aware subscription. Apart from these, Alphabet switched the operating system of its Nest Hub smart displays and Nest audio smart speaker to the Fuchsia operating system. Strengthening Nest efforts will continue to help Alphabet penetrate the booming smart home market, which is expected to witness a CAGR of 27.04% between 2022 and 2030, per a report by Grand View Research. However, macroeconomic headwinds, inflationary pressure, mounting expenses and growing litigation issues remain major headwinds for the company. Shares of Alphabet have lost 34% in the past year, comparing with the Computer and Technology sector’s decline of 28.6%. Zacks Rank & Stocks to Consider Currently, Alphabet carries a Zacks Rank #4 (Sell). Some top-ranked stocks in the broader Zacks Computer & Technology sector are Arista Networks ANET, Agilent Technologies A and Asure Software ASUR. While Arista Networks sports a Zacks Rank #1 (Strong Buy), Agilent Technologies and Asure Software carry a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here. Arista Networks has lost 11.3% in the past year. ANET’s long-term earnings growth rate for ANET is currently projected at 17.5%. Agilent Technelogies has gained 8.5% in the past year. A’s long-term earnings growth rate is currently projected at 10%. Asure Software has returned 32.5% in the past year. The long-term earnings growth rate for ASUR is currently projected at 23%. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The Doorbell provides all-day video history recording to users with Nest Aware subscription. Strengthening Nest efforts will continue to help Alphabet penetrate the booming smart home market, which is expected to witness a CAGR of 27.04% between 2022 and 2030, per a report by Grand View Research. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.

Google’s collaboration with Pivot Energy is aimed at providing community solar programs to users having a Home or Nest device and Google account. While Arista Networks sports a Zacks Rank #1 (Strong Buy), Agilent Technologies and Asure Software carry a Zacks Rank #2 (Buy) at present. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

Google’s collaboration with Pivot Energy is aimed at providing community solar programs to users having a Home or Nest device and Google account. Alphabet Inc. Price and Consensus Alphabet Inc. price-consensus-chart | Alphabet Inc. Quote Move to Benefit With the recent collaboration, Google aims to help subscribers staying in these states save at least $60 on their electricity bill in the first year. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

Alphabet’s GOOGL subsidiary Google is consistently forming strategic partnerships to provide better services to customers. Reportedly, Google partnered with Pivot Energy, the leading national developer of onsite solar projects and small utility solar projects. You can see the complete list of today’s Zacks #1 Rank stocks here.

280.0

2023-01-16 00:00:00 UTC

If You Invested $1000 in Agilent Technologies a Decade Ago, This is How Much It'd Be Worth Now

A

https://www.nasdaq.com/articles/if-you-invested-%241000-in-agilent-technologies-a-decade-ago-this-is-how-much-itd-be-worth

For most investors, how much a stock's price changes over time is important. Not only can it impact your investment portfolio, but it can also help you compare investment results across sectors and industries. FOMO, or the fear of missing out, also plays a role in investing, particularly with tech giants and popular consumer-facing stocks. What if you'd invested in Agilent Technologies (A) ten years ago? It may not have been easy to hold on to A for all that time, but if you did, how much would your investment be worth today? Agilent Technologies' Business In-Depth With that in mind, let's take a look at Agilent Technologies' main business drivers. Palo Alto, CA-based Agilent Technologies, Inc. was originally a spin-off from Hewlett-Packard. The company is an original equipment manufacturer (OEM) of a broad-based portfolio of test and measurement products serving multiple end markets. On Nov 1, 2014, Agilent completed the spinoff of its electronic measurement segment into a new company named Keysight Technologies, making it an independent, publicly traded company. Over the last three years, the company has diversified into new end markets, namely industrial, chemical and electronics markets. The company has three business segments, including Life Sciences & Applied Markets Group (LSAG), Diagnostics and Genomics Group (DGG) and Agilent Cross Lab Group (ACG). The company uses a direct sales model for the distribution of its products, which is supplemented by distributors, resellers, manufacturers’ representatives, telesales and electronic commerce, as necessary. Agilent reported revenues of $6.3 billion in fiscal 2021, up 18% from fiscal 2020. The company generated 62% of revenues from markets outside the United States. 35% were derived from Asia-Pacific region in the fiscal 2021. LSAG accounted for 45% of fiscal 2021 revenues (up 18% from fiscal 2020), DGG contributed 20% (which increased 24% from fiscal 2020) and ACG represented the remaining 35% (improving 16% from fiscal 2020). Most of the competition for these three segments comes from Bruker Corp., Danaher Corp, Affymetrix, GE Healthcare, Life Technologies Corp., Thermo Fisher Scientific, Waters Corp., Illumina, Inc., Life Technologies Corp., Abbott Laboratories, Sakura, Roche, Perkin Elmer Corp., Shimadzu Corp, Heidenhain Corp., Malvern Instruments, Seiko Instruments, Veeco Instruments and Zygo Corp. Bottom Line Anyone can invest, but building a successful investment portfolio takes a combination of a few things: research, patience, and a little bit of risk. So, if you had invested in Agilent Technologies a decade ago, you're probably feeling pretty good about your investment today. According to our calculations, a $1000 investment made in January 2013 would be worth $3,613.17, or a gain of 261.32%, as of January 16, 2023, and this return excludes dividends but includes price increases. In comparison, the S&P 500 gained 171.67% and the price of gold went up 9.90% over the same time frame. Analysts are forecasting more upside for A too. Agilent is benefiting from continued strong momentum in the pharma and applied markets. Additionally, strength in the Life Sciences & Applied Markets Group (LSAG) segment owing to growth in Liquid Chromatography and Mass Spectrometry instruments remains a major positive. Increase in service agreement attach rate is driving the Agilent Cross Lab Group (ACG) segment. Strength in NASD and Genomics portfolio is contributing well to the Diagnostics and Genomics Group (DGG) segment. We expect LSAG, ACG and DGG segments to grow 0.9%, 0.4% and 1.5% in fiscal 2023 from the year-ago reported figures. However, mounting expenses might hurt the company’s profitability. Our estimate suggests total costs and expenses to witness a year-over-year rise of 4.6% in fiscal 2023. The ongoing conflict in Ukraine remains an overhang as well. The stock has jumped 5.10% over the past four weeks. Additionally, no earnings estimate has gone lower in the past two months, compared to 8 higher, for fiscal 2023; the consensus estimate has moved up as well. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The company is an original equipment manufacturer (OEM) of a broad-based portfolio of test and measurement products serving multiple end markets. The company uses a direct sales model for the distribution of its products, which is supplemented by distributors, resellers, manufacturers’ representatives, telesales and electronic commerce, as necessary. Additionally, strength in the Life Sciences & Applied Markets Group (LSAG) segment owing to growth in Liquid Chromatography and Mass Spectrometry instruments remains a major positive.

The company has three business segments, including Life Sciences & Applied Markets Group (LSAG), Diagnostics and Genomics Group (DGG) and Agilent Cross Lab Group (ACG). LSAG accounted for 45% of fiscal 2021 revenues (up 18% from fiscal 2020), DGG contributed 20% (which increased 24% from fiscal 2020) and ACG represented the remaining 35% (improving 16% from fiscal 2020). Additionally, strength in the Life Sciences & Applied Markets Group (LSAG) segment owing to growth in Liquid Chromatography and Mass Spectrometry instruments remains a major positive.

The company has three business segments, including Life Sciences & Applied Markets Group (LSAG), Diagnostics and Genomics Group (DGG) and Agilent Cross Lab Group (ACG). LSAG accounted for 45% of fiscal 2021 revenues (up 18% from fiscal 2020), DGG contributed 20% (which increased 24% from fiscal 2020) and ACG represented the remaining 35% (improving 16% from fiscal 2020). Most of the competition for these three segments comes from Bruker Corp., Danaher Corp, Affymetrix, GE Healthcare, Life Technologies Corp., Thermo Fisher Scientific, Waters Corp., Illumina, Inc., Life Technologies Corp., Abbott Laboratories, Sakura, Roche, Perkin Elmer Corp., Shimadzu Corp, Heidenhain Corp., Malvern Instruments, Seiko Instruments, Veeco Instruments and Zygo Corp. Bottom Line Anyone can invest, but building a successful investment portfolio takes a combination of a few things: research, patience, and a little bit of risk.

Over the last three years, the company has diversified into new end markets, namely industrial, chemical and electronics markets. The company has three business segments, including Life Sciences & Applied Markets Group (LSAG), Diagnostics and Genomics Group (DGG) and Agilent Cross Lab Group (ACG). Agilent reported revenues of $6.3 billion in fiscal 2021, up 18% from fiscal 2020.

281.0

2023-01-13 00:00:00 UTC

Semtech (SMTC) Expands Offerings With Sierra Wireless Buyout

A

https://www.nasdaq.com/articles/semtech-smtc-expands-offerings-with-sierra-wireless-buyout

Semtech Corporation SMTC announced the completion of Sierra Wireless’ takeover for $1.2 billion. Sierra Wireless is a leading provider of wireless data communications products. It holds a strong position in cellular IoT and delivers robust and diverse device-to-cloud IoT solutions. Sierra Wireless is the founding member of the WirelessReady Alliance, an alliance of industry-leading hardware, software and service companies committed to the delivery of complete and compelling wireless data solutions. The buyout of Sierra Wireless is anticipated to be accretive immediately to Semtech’s non-GAAP earnings per share. Semtech Corporation Price and Consensus Semtech Corporation price-consensus-chart | Semtech Corporation Quote Acquisition Benefits With the Sierra acquisition, Semtech aims to double its annual revenues and add $100 million of high-margin IoT Cloud services recurring revenues. SMTC also expects to generate $40 million of run rate operational synergies in the next 12-18 months. The Sierra takeover expanded Semtech’s portfolio of IoT solutions. Moreover, it will help SMTC capitalize in the prospects present in the booming IoT market. Per The Insight Partners, the global IoT market is likely to reach $2.27 trillion by 2028 from $483.3 billion in 2022, witnessing a CAGR of 29.4% during the 2022-2028 forecast period. Strengthening position in the IoT market will help Semtech win the confidence of the investors in the near and long terms. Shares of SMTC have lost 61.6% in the past year compared with the Computer and Technology sector’s decline of 29.1%. Portfolio Strength The acquisition of Sierra Wireless naturally bolstered Semtech’s portfolio offerings. Further, SMTC keeps bringing reliable and efficient technologies to provide better solutions to customers. The company recently released the HotSwitch platform which includes integrated load switches and eFuses with elevated protection feature. With the HotSwitch platform, Semtech expanded its portfolio of protection solutions. Semtech unveiled the new ClearEdge CDR Transmitter solution for data center and wireless long-reach applications. It also announced production of 50Gbps Tri-Edge CDR integrated circuit solution for 5G front haul deployments. These apart, SMTC introduced the LoRa Developer Portal to help developers quickly develop IoT devices connected with the LoRaWAN standard. We believe that Semtech’s portfolio strength will continue to help it sustain momentum among customers. Zacks Rank & Stocks to Consider Currently, Semtech carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader Zacks Computer & Technology sector are Arista Networks ANET, Agilent Technologies A and ASML Holding ASML. While Arista Networks sports a Zacks Rank #1 (Strong Buy), Agilent and ASML carry a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here. Arista Networks has lost 10.1% in the past year. The long-term earnings growth rate for ANET is currently projected at 17.5%. Agilent Technologies has gained 7.8% in the past year. A’s long-term earnings growth rate is currently projected at 10%. ASML Holding has moved 10.6% south in the past year. The long-term earnings growth rate for ASML is currently projected at 23.7%. Just Released: Free Report Reveals Little-Known Strategies to Help Profit from the $30 Trillion Metaverse Boom It's undeniable. The metaverse is gaining steam every day. Just follow the money. Google. Microsoft. Adobe. Nike. Facebook even rebranded itself as Meta because Mark Zuckerberg believes the metaverse is the next iteration of the internet. The inevitable result? Many investors will get rich as the metaverse evolves. What do they know that you don't? They’re aware of the companies best poised to grow as the metaverse does. And in a new FREE report, Zacks is revealing those stocks to you. This week, you can download, The Metaverse - What is it? And How to Profit with These 5 Pioneering Stocks. It reveals specific stocks set to skyrocket as this emerging technology develops and expands. Don't miss your chance to access it for free with no obligation. >>Show me how I could profit from the metaverse! Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report ASML Holding N.V. (ASML) : Free Stock Analysis Report Semtech Corporation (SMTC) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Per The Insight Partners, the global IoT market is likely to reach $2.27 trillion by 2028 from $483.3 billion in 2022, witnessing a CAGR of 29.4% during the 2022-2028 forecast period. The company recently released the HotSwitch platform which includes integrated load switches and eFuses with elevated protection feature. Semtech unveiled the new ClearEdge CDR Transmitter solution for data center and wireless long-reach applications.

Some better-ranked stocks in the broader Zacks Computer & Technology sector are Arista Networks ANET, Agilent Technologies A and ASML Holding ASML. While Arista Networks sports a Zacks Rank #1 (Strong Buy), Agilent and ASML carry a Zacks Rank #2 (Buy) at present. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report ASML Holding N.V. (ASML) : Free Stock Analysis Report Semtech Corporation (SMTC) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

Semtech Corporation Price and Consensus Semtech Corporation price-consensus-chart | Semtech Corporation Quote Acquisition Benefits With the Sierra acquisition, Semtech aims to double its annual revenues and add $100 million of high-margin IoT Cloud services recurring revenues. Some better-ranked stocks in the broader Zacks Computer & Technology sector are Arista Networks ANET, Agilent Technologies A and ASML Holding ASML. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report ASML Holding N.V. (ASML) : Free Stock Analysis Report Semtech Corporation (SMTC) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

The Sierra takeover expanded Semtech’s portfolio of IoT solutions. Some better-ranked stocks in the broader Zacks Computer & Technology sector are Arista Networks ANET, Agilent Technologies A and ASML Holding ASML. And in a new FREE report, Zacks is revealing those stocks to you.

282.0

2023-01-12 00:00:00 UTC

5 Top Dividend Growth Stocks for Assured Returns in 2023

A

https://www.nasdaq.com/articles/5-top-dividend-growth-stocks-for-assured-returns-in-2023

Dividend investing remains a popular strategy. Though the strategy doesn’t offer dramatic price appreciation, it is a major source of consistent income for investors in any type of market. In particular, focusing on the growth level in this strategy leads to higher returns. Honing in on stocks with a history of dividend growth leads to a healthy portfolio, with greater scope of capital appreciation, as opposed to simple dividend-paying stocks or those with high yields. We have selected five dividend growth stocks — Nexstar Broadcasting Group NXST, Walmart Inc. WMT, Booz Allen Hamilton Holding Corporation BAH, Agilent Technologies A, and Agnico Eagle Mines Limited AEM — that could be compelling picks for your portfolio. Why is Dividend Growth Better? Stocks that have a strong history of dividend growth belong to mature companies, which are less susceptible to large swings in the market, and thus act as a hedge against economic or political uncertainty as well as stock market volatility. At the same time, these offer downside protection with their consistent increase in payouts. Additionally, these stocks have superior fundamentals that make dividend growth a quality and promising investment for the long term. These include a sustainable business model, a long track of profitability, rising cash flows, good liquidity, a strong balance sheet and some value characteristics. Further, a history of strong dividend growth indicates that dividend increase is likely in the future. Although these stocks do not necessarily have the highest yields, they have outperformed for a longer period than the broader stock market or any other dividend-paying stock. As a result, picking dividend growth stocks appears as a winning strategy when some other parameters are also included. 5-Year Historical Dividend Growth greater than zero: This selects stocks with a solid dividend growth history. 5-Year Historical Sales Growth greater than zero: This represents stocks with a strong record of growing revenues. 5-Year Historical EPS Growth greater than zero: This represents stocks with a solid earnings growth history. Next 3-5 Year EPS Growth Rate greater than zero: This represents the rate at which a company’s earnings are expected to grow. Improving earnings should help companies sustain dividend payments. Price/Cash Flow less than M-Industry: A ratio less than M-industry indicates that the stock is undervalued in that industry and that an investor needs to pay less for better cash flow generated by the company. 52-Week Price Change greater than S&P 500 (Market Weight): This ensures that the stock appreciated more than the S&P 500 over the past year. Top Zacks Rank: Stocks having a Zacks Rank #1 (Strong Buy) and 2 (Buy) generally outperform their peers in all types of market environment. Growth Score of B or better: Our research shows that stocks with a Growth Score of A or B when combined with a Zacks Rank #1 or 2 offer the best upside potential. Just these few criteria narrowed down the universe from over 7,700 stocks to just 19. Here are five of the 19 stocks that fit the bill: Texas-based Nexstar Broadcasting currently owns, operates, programs or provides sales and other services to television stations in the states of Illinois, Indiana, Maryland, Missouri, Montana, Texas, Pennsylvania, Louisiana, Arkansas, Alabama and New York. The company delivered an average earnings surprise of 26.33% for the past four quarters. At present, NXST has a Zacks Rank #1 and a Growth Score of A. You can see the complete list of today’s Zacks #1 Rank stocks here. Arkansas-based Walmart has evolved from just being a traditional brick-and-mortar retailer into an omnichannel player. It is engaged in the operation of retail, wholesale and other units worldwide. The company has an estimated earnings growth rate of 7.7% for the fiscal year (ending January 2024) and delivered an average earnings surprise of 3.83% for the past four quarters. Presently, WMT has a Zacks Rank #2 and a Growth Score of B. Virginia-based Booz Allen is engaged in providing management and technology consulting services to the U.S. government in the defense, intelligence and civil markets. BAH saw an estimated earnings growth rate of 6.2% for the fiscal year (ending March 2023) and delivered an average earnings surprise of 8.75% for the past four quarters. Currently, Booz Allen has a Zacks Rank #1 and a Growth Score of A. California-based Agilent Technologies is an original equipment manufacturer of a broad-based portfolio of test and measurement products serving multiple end markets. The company has an estimated earnings growth rate of 8% for the fiscal year (ending October 2023) and delivered an average earnings surprise of 6.74% for the past four quarters. Currently, A has a Zacks Rank #2 and a Growth Score of B. Canada-based Agnico Eagle is a gold producer with mining operations in Canada, Mexico and Finland, and exploration activities in Canada, Europe, Latin America and the United States. The company delivered an average earnings surprise of 26.40% for the past four quarters. AEM currently has a Zacks Rank #2 and a Growth Score of B. You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge. The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out. Click here to sign up for a free trial to the Research Wizard today. Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. Disclosure: Performance information for Zacks’ portfolios and strategies are available at: https://www.zacks.com/performance. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Walmart Inc. (WMT) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Agnico Eagle Mines Limited (AEM) : Free Stock Analysis Report Nexstar Media Group, Inc (NXST) : Free Stock Analysis Report Booz Allen Hamilton Holding Corporation (BAH) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

We have selected five dividend growth stocks — Nexstar Broadcasting Group NXST, Walmart Inc. WMT, Booz Allen Hamilton Holding Corporation BAH, Agilent Technologies A, and Agnico Eagle Mines Limited AEM — that could be compelling picks for your portfolio. These include a sustainable business model, a long track of profitability, rising cash flows, good liquidity, a strong balance sheet and some value characteristics. Texas-based Nexstar Broadcasting currently owns, operates, programs or provides sales and other services to television stations in the states of Illinois, Indiana, Maryland, Missouri, Montana, Texas, Pennsylvania, Louisiana, Arkansas, Alabama and New York.

We have selected five dividend growth stocks — Nexstar Broadcasting Group NXST, Walmart Inc. WMT, Booz Allen Hamilton Holding Corporation BAH, Agilent Technologies A, and Agnico Eagle Mines Limited AEM — that could be compelling picks for your portfolio. The company has an estimated earnings growth rate of 7.7% for the fiscal year (ending January 2024) and delivered an average earnings surprise of 3.83% for the past four quarters. Click to get this free report Walmart Inc. (WMT) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Agnico Eagle Mines Limited (AEM) : Free Stock Analysis Report Nexstar Media Group, Inc (NXST) : Free Stock Analysis Report Booz Allen Hamilton Holding Corporation (BAH) : Free Stock Analysis Report To read this article on Zacks.com click here.

Stocks that have a strong history of dividend growth belong to mature companies, which are less susceptible to large swings in the market, and thus act as a hedge against economic or political uncertainty as well as stock market volatility. Growth Score of B or better: Our research shows that stocks with a Growth Score of A or B when combined with a Zacks Rank #1 or 2 offer the best upside potential. Click to get this free report Walmart Inc. (WMT) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Agnico Eagle Mines Limited (AEM) : Free Stock Analysis Report Nexstar Media Group, Inc (NXST) : Free Stock Analysis Report Booz Allen Hamilton Holding Corporation (BAH) : Free Stock Analysis Report To read this article on Zacks.com click here.

Dividend investing remains a popular strategy. We have selected five dividend growth stocks — Nexstar Broadcasting Group NXST, Walmart Inc. WMT, Booz Allen Hamilton Holding Corporation BAH, Agilent Technologies A, and Agnico Eagle Mines Limited AEM — that could be compelling picks for your portfolio. Though the strategy doesn’t offer dramatic price appreciation, it is a major source of consistent income for investors in any type of market.

283.0

2023-01-12 00:00:00 UTC

Alphabet (GOOGL) Updates Meet With 360-degree Background Feature

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https://www.nasdaq.com/articles/alphabet-googl-updates-meet-with-360-degree-background-feature

Alphabet’s GOOGL division Google is leaving no stone unturned to introduce innovative features to bolster its video-conferencing software Google Meet. According to 9TO5Google, Google is gearing up to add a 360-degree background feature to Google Meet. This serves as a testament to the abovementioned fact. With the 360-degree background capability, users will be able to customize their video feed while attending meetings. The feature will be available for iOS, Android and paid Workspace customers. With the recent feature, Google aims to provide an enhanced experience to users. This is expected to boost the adoption rate of Google Meet. Alphabet Inc. Price and Consensus Alphabet Inc. price-consensus-chart | Alphabet Inc. Quote Growing Google Meet Initiatives Apart from the latest capability, Google is introducing emoji reactions to Meet. The reactions will appear as a small badge in the sender’s video tile. The feature will help participants engage in meetings without interrupting the speaker. Google added a new feature to Google Meet (Duo), which lets users to switch between personal and work accounts when joining a call. Google rolled out a Google Meet shortcut feature for the desktop version. The capability allows users to unmute themselves by holding down the space bar. Users can mute themselves by releasing the space bar. The capability will help users to stay muted when they forget to mute themselves after unmuting. Google added a live sharing feature to Meet, which lets all meeting participants to interact with the YouTube or Spotify content, or games that’s being shared to them. Efforts to Bolster Google Workspace With the growing Google Meet efforts, Google is consistently adding strength to the Google Workspace, consisting of Gmail, Meet, Drive, Docs, Voice and more. Apart from Meet efforts, Google added a suspected spam caller feature to Google Voice, which lets users view the suspected spam caller both on the call screen and history list. They can also confirm a suspected spam call and send the number to the spam folder. Google updated Google Docs by adding emoji reactions to documents for expressing opinions informally. It also added writing suggestions capability, featuring a purple underline to help users with the tone, style and word choice. These initiatives will continue to help Google gain momentum across organizations demanding productivity and collaboration tools. This, in turn, will drive Google’s parent Alphabet’s top line in the days ahead. We believe that this will help the company in winning the confidence of the investors in the near and long terms. Shares of Alphabet have lost 34% in the past year compared with the Computer and Technology sector’s decline of 30.4%. Zacks Rank & Stocks to Consider Currently, Alphabet carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader Zacks Computer & Technology sector are Arista Networks ANET, Agilent Technologies A and Asure Software ASUR. While Arista Networks sports a Zacks Rank #1 (Strong Buy), Agilent technologies and Asure Software carry a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here. Arista Networks has lost 11.3% in the past year. The long-term earnings growth rate for ANET is currently projected at 17.5%. Agilent Technologies has gained 9% in the past year. A’s long-term earnings growth rate is currently projected at 10%. Asure Software has returned 38.7% in the past year. The long-term earnings growth rate for ASUR is currently projected at 23%. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

It also added writing suggestions capability, featuring a purple underline to help users with the tone, style and word choice. These initiatives will continue to help Google gain momentum across organizations demanding productivity and collaboration tools. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.

Efforts to Bolster Google Workspace With the growing Google Meet efforts, Google is consistently adding strength to the Google Workspace, consisting of Gmail, Meet, Drive, Docs, Voice and more. Apart from Meet efforts, Google added a suspected spam caller feature to Google Voice, which lets users view the suspected spam caller both on the call screen and history list. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

Efforts to Bolster Google Workspace With the growing Google Meet efforts, Google is consistently adding strength to the Google Workspace, consisting of Gmail, Meet, Drive, Docs, Voice and more. Apart from Meet efforts, Google added a suspected spam caller feature to Google Voice, which lets users view the suspected spam caller both on the call screen and history list. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

According to 9TO5Google, Google is gearing up to add a 360-degree background feature to Google Meet. Google added a live sharing feature to Meet, which lets all meeting participants to interact with the YouTube or Spotify content, or games that’s being shared to them. Efforts to Bolster Google Workspace With the growing Google Meet efforts, Google is consistently adding strength to the Google Workspace, consisting of Gmail, Meet, Drive, Docs, Voice and more.

284.0

2023-01-11 00:00:00 UTC

Agilent Technologies (A) Outpaces Stock Market Gains: What You Should Know

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https://www.nasdaq.com/articles/agilent-technologies-a-outpaces-stock-market-gains%3A-what-you-should-know-2

Agilent Technologies (A) closed the most recent trading day at $158.17, moving +1.89% from the previous trading session. This change outpaced the S&P 500's 1.29% gain on the day. Meanwhile, the Dow gained 0.8%, and the Nasdaq, a tech-heavy index, added 10.96%. Heading into today, shares of the scientific instrument maker had lost 1.54% over the past month, outpacing the Computer and Technology sector's loss of 2% and lagging the S&P 500's loss of 0.23% in that time. Investors will be hoping for strength from Agilent Technologies as it approaches its next earnings release. The company is expected to report EPS of $1.31, up 8.26% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $1.69 billion, up 1.08% from the prior-year quarter. Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.64 per share and revenue of $6.95 billion. These totals would mark changes of +8.05% and +1.56%, respectively, from last year. Any recent changes to analyst estimates for Agilent Technologies should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook. Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system. The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.09% higher within the past month. Agilent Technologies is holding a Zacks Rank of #2 (Buy) right now. In terms of valuation, Agilent Technologies is currently trading at a Forward P/E ratio of 27.5. Its industry sports an average Forward P/E of 24.7, so we one might conclude that Agilent Technologies is trading at a premium comparatively. Investors should also note that A has a PEG ratio of 2.75 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. A's industry had an average PEG ratio of 2.65 as of yesterday's close. The Electronics - Testing Equipment industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 199, putting it in the bottom 22% of all 250+ industries. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com. Free Report: Must-See Energy Stocks for 2023 Record profits at oil companies can mean big gains for you. With soaring demand and elevated prices, oil stocks could be top performers by far in 2023. Zacks has released a special report revealing the 4 oil stocks experts believe will deliver the biggest gains. (You’ll never guess Stock #2!) Download Oil Market on Fire today, absolutely free. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.64 per share and revenue of $6.95 billion. Free Report: Must-See Energy Stocks for 2023 Record profits at oil companies can mean big gains for you. Zacks has released a special report revealing the 4 oil stocks experts believe will deliver the biggest gains.

Heading into today, shares of the scientific instrument maker had lost 1.54% over the past month, outpacing the Computer and Technology sector's loss of 2% and lagging the S&P 500's loss of 0.23% in that time. Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.64 per share and revenue of $6.95 billion. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report To read this article on Zacks.com click here.

This change outpaced the S&P 500's 1.29% gain on the day. Agilent Technologies is holding a Zacks Rank of #2 (Buy) right now. Want the latest recommendations from Zacks Investment Research?

285.0

2023-01-11 00:00:00 UTC

Jack Henry (JKHY) Strengthens Clientele With L&N Selection

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https://www.nasdaq.com/articles/jack-henry-jkhy-strengthens-clientele-with-ln-selection

Jack Henry & Associates JKHY is consistently gaining momentum among customers on the back of robust portfolio solutions. This is evident form the fact that the company recently got picked by L&N Federal Credit Union to cater to its growth plans. L&N will leverage Jack Henry’s Symitar platform to help commercial and small business members manage the lifecycle of their loans. Moreover, L&N’s mortgage software integrates the Symitar platform to provide an enhanced experience to members. On the back of JKHY’s solution, L&N will expand its services, streamline operations and boost productivity while efficiently serving customers. The selection by L&N naturally bolstered Jack Henry’s customer base. This is expected to contribute to JKHY’s top-line growth in the upcoming period. This, in turn, is expected to help Jack Henry to win investors’ confidence in the days ahead. Shares of JKHY have been up 5.1% in the past year against the Computer and Technology sector’s decline of 32.5%. Jack Henry & Associates, Inc. Price and Consensus Jack Henry & Associates, Inc. price-consensus-chart | Jack Henry & Associates, Inc. Quote Growing Customer Base Apart from this recent selection, TIB, N.A. (The Independent BankersBank) selected JKHY to support community banks in their operations, growth strategies and help them compete against larger financial institutions. Jack Henry’s digital features and functionalities were chosen by the Woodsville Guaranty Savings Bank to improve operational efficiencies. JKHY was also picked by LINKBANCORP. The firm uses JKHY’s digital-banking and lending capabilities, including the Banno Digital Platform and LoanVantage to enhance operational efficiencies and offer better banking facilities to customers. The Bank of Burlington, RockPoint Bank and Moultrie Bank & Trust chose JKHY’s technology platform to make their financial services accessible to local communities. JKHY extended its alliance with Independent Financial. Per the terms of the deal, Independent Financial leverages Jack Henry’s digital lending platform LoanVantage to automate commercial loans for small- and medium-sized businesses. Portfolio Strength Jack Henry’s growing momentum among customers is attributed to its efficient and reliable portfolio of financial solutions. Recently, Jack Henry acquired a digital payments company named Payrailz to expand its payment services for helping financial institutions seamlessly cater to the needs of consumer and commercial account holders. JKHY introduced the Vendor Management Program to its Governance, Risk and Compliance Suite to provide assistance to financial institutions. Jack Henry also unveiled SecurePort for banks to help customers access account balances and funds as well as protect the same in times of crisis. In addition, Jack Henry Lending launched a powerful digital solution named FactorSoft Web Portal, providing near real-time servicing to lenders anytime and anywhere. Though Jack Henry's portfolio strength remains a positive, increasing expenses related to the card processing platform are major concerns. Zacks Rank & Stocks to Consider Currently, Jack Henry carries a Zacks Rank #4 (Sell). Some better-ranked stocks in the broader Zacks Computer & Technology sector are Arista Networks ANET, Agilent technologies A and Asure Software ASUR. While Arista Networks sports a Zacks Rank #1 (Strong Buy), Agilent and Asure Software carry a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here. Arista Networks has lost 13.5% in the past year. The long-term earnings growth rate for ANET is currently projected at 17.5%. Agilent has gained 5.9% in the past year. A’s long-term earnings growth rate is currently projected at 10%. Asure Software has returned 37.2% in the past year. The long-term earnings growth rate for ASUR is currently projected at 23%. Free Report: Must-See Energy Stocks for 2023 Record profits at oil companies can mean big gains for you. With soaring demand and elevated prices, oil stocks could be top performers by far in 2023. Zacks has released a special report revealing the 4 oil stocks experts believe will deliver the biggest gains. (You’ll never guess Stock #2!) Download Oil Market on Fire today, absolutely free. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Jack Henry & Associates, Inc. (JKHY) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The firm uses JKHY’s digital-banking and lending capabilities, including the Banno Digital Platform and LoanVantage to enhance operational efficiencies and offer better banking facilities to customers. Per the terms of the deal, Independent Financial leverages Jack Henry’s digital lending platform LoanVantage to automate commercial loans for small- and medium-sized businesses. In addition, Jack Henry Lending launched a powerful digital solution named FactorSoft Web Portal, providing near real-time servicing to lenders anytime and anywhere.

Jack Henry & Associates, Inc. Price and Consensus Jack Henry & Associates, Inc. price-consensus-chart | Jack Henry & Associates, Inc. Quote Growing Customer Base Apart from this recent selection, TIB, N.A. Some better-ranked stocks in the broader Zacks Computer & Technology sector are Arista Networks ANET, Agilent technologies A and Asure Software ASUR. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Jack Henry & Associates, Inc. (JKHY) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

Jack Henry & Associates, Inc. Price and Consensus Jack Henry & Associates, Inc. price-consensus-chart | Jack Henry & Associates, Inc. Quote Growing Customer Base Apart from this recent selection, TIB, N.A. Zacks Rank & Stocks to Consider Currently, Jack Henry carries a Zacks Rank #4 (Sell). Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Jack Henry & Associates, Inc. (JKHY) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

The firm uses JKHY’s digital-banking and lending capabilities, including the Banno Digital Platform and LoanVantage to enhance operational efficiencies and offer better banking facilities to customers. Per the terms of the deal, Independent Financial leverages Jack Henry’s digital lending platform LoanVantage to automate commercial loans for small- and medium-sized businesses. Some better-ranked stocks in the broader Zacks Computer & Technology sector are Arista Networks ANET, Agilent technologies A and Asure Software ASUR.

286.0

2023-01-10 00:00:00 UTC

Tuesday Sector Leaders: Healthcare, Services

A

https://www.nasdaq.com/articles/tuesday-sector-leaders%3A-healthcare-services

In afternoon trading on Tuesday, Healthcare stocks are the best performing sector, higher by 1.1%. Within the sector, STERIS plc (Symbol: STE) and Agilent Technologies, Inc. (Symbol: A) are two large stocks leading the way, showing a gain of 6.3% and 5.1%, respectively. Among healthcare ETFs, one ETF following the sector is the Health Care Select Sector SPDR ETF (Symbol: XLV), which is up 0.7% on the day, and down 0.80% year-to-date. STERIS plc, meanwhile, is up 9.30% year-to-date, and Agilent Technologies, Inc. is up 3.33% year-to-date. Combined, STE and A make up approximately 1.3% of the underlying holdings of XLV. The next best performing sector is the Services sector, up 0.8%. Among large Services stocks, Warner Bros Discovery Inc (Symbol: WBD) and Netflix Inc (Symbol: NFLX) are the most notable, showing a gain of 6.2% and 3.8%, respectively. One ETF closely tracking Services stocks is the iShares U.S. Consumer Services ETF (IYC), which is up 0.8% in midday trading, and up 4.91% on a year-to-date basis. Warner Bros Discovery Inc, meanwhile, is up 29.30% year-to-date, and Netflix Inc is up 10.95% year-to-date. Combined, WBD and NFLX make up approximately 3.8% of the underlying holdings of IYC. Comparing these stocks and ETFs on a trailing twelve month basis, below is a relative stock price performance chart, with each of the symbols shown in a different color as labeled in the legend at the bottom: Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Tuesday. As you can see, eight sectors are up on the day, while one sector is down. SECTOR % CHANGE Healthcare +1.1% Services +0.8% Technology & Communications +0.6% Materials +0.6% Industrial +0.5% Financial +0.4% Energy +0.4% Consumer Products +0.2% Utilities -0.5% 25 Dividend Giants Widely Held By ETFs » Also see: • Top Monthly Dividend Paying Stocks • SRTS Stock Predictions • Funds Holding ZOES The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In afternoon trading on Tuesday, Healthcare stocks are the best performing sector, higher by 1.1%. Comparing these stocks and ETFs on a trailing twelve month basis, below is a relative stock price performance chart, with each of the symbols shown in a different color as labeled in the legend at the bottom: Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Tuesday. Healthcare +1.1% Services +0.8% Technology & Communications +0.6% Materials +0.6% Industrial +0.5% Financial +0.4% Energy +0.4% Consumer Products +0.2% Utilities -0.5% 25 Dividend Giants Widely Held By ETFs » Also see: • Top Monthly Dividend Paying Stocks • SRTS Stock Predictions • Funds Holding ZOES The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Within the sector, STERIS plc (Symbol: STE) and Agilent Technologies, Inc. (Symbol: A) are two large stocks leading the way, showing a gain of 6.3% and 5.1%, respectively. Among large Services stocks, Warner Bros Discovery Inc (Symbol: WBD) and Netflix Inc (Symbol: NFLX) are the most notable, showing a gain of 6.2% and 3.8%, respectively. Combined, WBD and NFLX make up approximately 3.8% of the underlying holdings of IYC.

Among healthcare ETFs, one ETF following the sector is the Health Care Select Sector SPDR ETF (Symbol: XLV), which is up 0.7% on the day, and down 0.80% year-to-date. Comparing these stocks and ETFs on a trailing twelve month basis, below is a relative stock price performance chart, with each of the symbols shown in a different color as labeled in the legend at the bottom: Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Tuesday. Healthcare +1.1% Services +0.8% Technology & Communications +0.6% Materials +0.6% Industrial +0.5% Financial +0.4% Energy +0.4% Consumer Products +0.2% Utilities -0.5% 25 Dividend Giants Widely Held By ETFs » Also see: • Top Monthly Dividend Paying Stocks • SRTS Stock Predictions • Funds Holding ZOES The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Among healthcare ETFs, one ETF following the sector is the Health Care Select Sector SPDR ETF (Symbol: XLV), which is up 0.7% on the day, and down 0.80% year-to-date. One ETF closely tracking Services stocks is the iShares U.S. Consumer Services ETF (IYC), which is up 0.8% in midday trading, and up 4.91% on a year-to-date basis. In afternoon trading on Tuesday, Healthcare stocks are the best performing sector, higher by 1.1%.

287.0

2023-01-10 00:00:00 UTC

Agilent Technologies Inc. Shares Near 52-Week High - Market Mover

A

https://www.nasdaq.com/articles/agilent-technologies-inc.-shares-near-52-week-high-market-mover

Agilent Technologies Inc. (A) shares closed today at 1.2% below its 52 week high of $160.03, giving the company a market cap of $45B. The stock is currently up 3.7% year-to-date, up 7.6% over the past 12 months, and up 127.7% over the past five years. This week, the Dow Jones Industrial Average rose 1.8%, and the S&P 500 rose 2.6%. Trading Activity Trading volume this week was 17.0% higher than the 20-day average. Beta, a measure of the stock’s volatility relative to the overall market stands at 1.1. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. MACD, a trend-following momentum indicator, indicates a downward trend. The stock closed above its Bollinger band, indicating it may be overbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Health Care industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 54.2% The company's stock price performance over the past 12 months beats the peer average by -152.7% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 97.4% higher than the average peer. This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Agilent Technologies Inc. (A) shares closed today at 1.2% below its 52 week high of $160.03, giving the company a market cap of $45B. Beta, a measure of the stock’s volatility relative to the overall market stands at 1.1. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Health Care industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 54.2% The company's stock price performance over the past 12 months beats the peer average by -152.7% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 97.4% higher than the average peer.

This week, the Dow Jones Industrial Average rose 1.8%, and the S&P 500 rose 2.6%. Trading Activity Trading volume this week was 17.0% higher than the 20-day average. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Health Care industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 54.2% The company's stock price performance over the past 12 months beats the peer average by -152.7% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 97.4% higher than the average peer.

Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Health Care industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 54.2% The company's stock price performance over the past 12 months beats the peer average by -152.7% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 97.4% higher than the average peer. This story was produced by the Kwhen Automated News Generator. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This week, the Dow Jones Industrial Average rose 1.8%, and the S&P 500 rose 2.6%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Health Care industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 54.2% The company's stock price performance over the past 12 months beats the peer average by -152.7% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 97.4% higher than the average peer.

288.0

2023-01-09 00:00:00 UTC

Agilent Technologies To Repurchase Up To $2 Bln Of Stock

A

https://www.nasdaq.com/articles/agilent-technologies-to-repurchase-up-to-%242-bln-of-stock

(RTTNews) - Agilent Technologies Inc. (A) said that its board has approved a new share repurchase program. The 2023 program authorizes the purchase of up to $2 billion of the company's common stock. The new program will begin March 1. The company noted that the new repurchase program replaces Agilent's existing stock repurchase program, which authorized the repurchase of shares to reduce or eliminate share dilution from equity programs. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

(RTTNews) - Agilent Technologies Inc. (A) said that its board has approved a new share repurchase program. The 2023 program authorizes the purchase of up to $2 billion of the company's common stock. The company noted that the new repurchase program replaces Agilent's existing stock repurchase program, which authorized the repurchase of shares to reduce or eliminate share dilution from equity programs.

(RTTNews) - Agilent Technologies Inc. (A) said that its board has approved a new share repurchase program. The 2023 program authorizes the purchase of up to $2 billion of the company's common stock. The company noted that the new repurchase program replaces Agilent's existing stock repurchase program, which authorized the repurchase of shares to reduce or eliminate share dilution from equity programs.

(RTTNews) - Agilent Technologies Inc. (A) said that its board has approved a new share repurchase program. The company noted that the new repurchase program replaces Agilent's existing stock repurchase program, which authorized the repurchase of shares to reduce or eliminate share dilution from equity programs. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The new program will begin March 1. The company noted that the new repurchase program replaces Agilent's existing stock repurchase program, which authorized the repurchase of shares to reduce or eliminate share dilution from equity programs. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

289.0

2023-01-09 00:00:00 UTC

Company News for Jan 9, 2023

A

https://www.nasdaq.com/articles/company-news-for-jan-9-2023

Shares of World Wrestling Entertainment Inc. WWE soared 17% after the company announced the returning of its founder Vince McMahon to its board of directors to explore a strategic move of a potential sale of the business. Shares of Costco Wholesale Corp. COST climbed 7.3% after reporting a 7% year over year increase in sales to $23.8 billion in December 2022. Agilent Technologies Inc.’s A shares fell 2.9% following its decision to form a partnership with Akoya Biosciences to develop solutions for tissue analysis. R1 RCM Inc.’s RCM shares jumped 10.2% after the company raised its revenue guidance for 2023. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. Today, See These 5 Potential Home Runs >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report World Wrestling Entertainment, Inc. (WWE) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Costco Wholesale Corporation (COST) : Free Stock Analysis Report R1 RCM Inc. (RCM) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Shares of World Wrestling Entertainment Inc. WWE soared 17% after the company announced the returning of its founder Vince McMahon to its board of directors to explore a strategic move of a potential sale of the business. Agilent Technologies Inc.’s A shares fell 2.9% following its decision to form a partnership with Akoya Biosciences to develop solutions for tissue analysis. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.

Shares of World Wrestling Entertainment Inc. WWE soared 17% after the company announced the returning of its founder Vince McMahon to its board of directors to explore a strategic move of a potential sale of the business. Click to get this free report World Wrestling Entertainment, Inc. (WWE) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Costco Wholesale Corporation (COST) : Free Stock Analysis Report R1 RCM Inc. (RCM) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Shares of World Wrestling Entertainment Inc. WWE soared 17% after the company announced the returning of its founder Vince McMahon to its board of directors to explore a strategic move of a potential sale of the business. Click to get this free report World Wrestling Entertainment, Inc. (WWE) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Costco Wholesale Corporation (COST) : Free Stock Analysis Report R1 RCM Inc. (RCM) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Today, See These 5 Potential Home Runs >> Want the latest recommendations from Zacks Investment Research? Click to get this free report World Wrestling Entertainment, Inc. (WWE) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Costco Wholesale Corporation (COST) : Free Stock Analysis Report R1 RCM Inc. (RCM) : Free Stock Analysis Report To read this article on Zacks.com click here.

290.0

2023-01-09 00:00:00 UTC

Agilent Technologies To Invest $725 Mln To Double Capacity For Oligos

A

https://www.nasdaq.com/articles/agilent-technologies-to-invest-%24725-mln-to-double-capacity-for-oligos

(RTTNews) - Agilent Technologies Inc. (A) Monday announced that it will invest $725 million to double the manufacturing capacity of therapeutic nucleic acids or Oligos. The investment is in response to the rapid growth of the Oligos market at $1 billion. The company expects the rendering of the proposed manufacturing facility in Frederick, Colorado, and customer shipments to start in 2026. The additional capacity will enable it to meet the demand for siRNA and antisense molecules and also significantly increase the number of CRISPR guide RNA programs, the company noted. The market for therapeutic oligos is projected to grow in double digits annually over the next five years, reaching $2.4 billion in 2027. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

(RTTNews) - Agilent Technologies Inc. (A) Monday announced that it will invest $725 million to double the manufacturing capacity of therapeutic nucleic acids or Oligos. The company expects the rendering of the proposed manufacturing facility in Frederick, Colorado, and customer shipments to start in 2026. The additional capacity will enable it to meet the demand for siRNA and antisense molecules and also significantly increase the number of CRISPR guide RNA programs, the company noted.

(RTTNews) - Agilent Technologies Inc. (A) Monday announced that it will invest $725 million to double the manufacturing capacity of therapeutic nucleic acids or Oligos. The investment is in response to the rapid growth of the Oligos market at $1 billion. The market for therapeutic oligos is projected to grow in double digits annually over the next five years, reaching $2.4 billion in 2027.

(RTTNews) - Agilent Technologies Inc. (A) Monday announced that it will invest $725 million to double the manufacturing capacity of therapeutic nucleic acids or Oligos. The additional capacity will enable it to meet the demand for siRNA and antisense molecules and also significantly increase the number of CRISPR guide RNA programs, the company noted. The market for therapeutic oligos is projected to grow in double digits annually over the next five years, reaching $2.4 billion in 2027.

The company expects the rendering of the proposed manufacturing facility in Frederick, Colorado, and customer shipments to start in 2026. The additional capacity will enable it to meet the demand for siRNA and antisense molecules and also significantly increase the number of CRISPR guide RNA programs, the company noted. The market for therapeutic oligos is projected to grow in double digits annually over the next five years, reaching $2.4 billion in 2027.

291.0

2023-01-09 00:00:00 UTC

Semtech (SMTC) Strengthens Clientele With LoRa Selection

A

https://www.nasdaq.com/articles/semtech-smtc-strengthens-clientele-with-lora-selection

Semtech Corporation SMTC is forming partnerships on the back of robust LoRa solutions. This is evident from the fact that SMTC recently announced that Sindcon (Singapore) IoT Technology and IoT Kreasi Indonesia used its LoRa devices and LoRaWAN standard. Leveraging Semtech’s LoRa solutions, Sindcon and IoT Kreasi developed battery-powered water and electricity meters. LoRa solutions offers reliability and constant connectivity. Notably, the robustness of LoRaWAN helped Sindcon achieve more than 90% data success rate. The selection of the LoRa technology by Sindcon and IoT Kreasi added strength to Semtech’s customer base. Semtech Corporation Price and Consensus Semtech Corporation price-consensus-chart | Semtech Corporation Quote Growth in Customer Base Apart from the recent selection, Nordic Propeye incorporated Semtech’s LoRa devices into its U.S. launched HVAC optimization solution to bring down energy consumption. Semtech’s LoRa long-range modem is incorporated into REYAX’s new antenna transceiver module, the REYAX RYLR998, which makes it usable across various IoT use cases, such as smart homes and asset tracking. Additionally, Semtech partnered with ICT International, whereby the latter integrated Semtech’s LoRa devices and LoRaWAN standard into its water-quality monitoring systems for aquaculture. SMTC’s LoRa devices and LoRaWAN standard are also incorporated into Enthu Technology Solutions and Xorowin Mechatronics’ SIPOAL to provide constant real-time connectivity for industrial use cases. The consistent increase in customers is expected to continue contributing well to Semtech’s top-line growth. LoRa Portfolio Strength Semtech’s growing customer relationships are attributed to its reliable and efficient LoRa portfolio of solutions. Also, SMTC keeps working toward expanding its offerings to equip customers with advanced technology-based solutions. Semtech recently added multi-band features to the LoRa Edge device-to-Cloud geolocation platform LoRa Edge to focus on the challenges faced by the logistics industry. SMTC introduced the LoRa Developer Portal to help developers quickly develop IoT devices connected with the LoRaWAN standard. Semtech expanded the LoRa Core portfolio by adding a solution LoRa Corecell Reference Design for full-duplex gateway applications in the U.S. 902-928MHz ISM band. The new product enables LoRaWAN gateways to receive and transmit data simultaneously. The growing initiatives are helping SMTC strengthen its footprint in the growing LoRa and LoRaWAN devices market. Evidently, this will help SMTC win investors’ confidence in the near term and the long haul. Shares of SMTC have been down 63.1% in the past year compared with the Computer and Technology sector’s decline of 34%. Zacks Rank & Stocks to Consider Currently, Semtech carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader Zacks Computer & Technology sector are Arista Networks ANET, Agilent technologies A and Asure Software ASUR. While Arista Networks and Asure Software sport a Zacks Rank #1 (Strong Buy) at present, Agilent carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here. Arista Networks has lost 14.5% in the past year. The long-term earnings growth rate for ANET is projected at 17.5%. Agilent has gained 1.7% in the past year. A’s long-term earnings growth rate is projected at 10%. Asure Software has returned 35.8% in the past year. The long-term earnings growth rate for ASUR is projected at 23%. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. Today, See These 5 Potential Home Runs >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Semtech Corporation (SMTC) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Leveraging Semtech’s LoRa solutions, Sindcon and IoT Kreasi developed battery-powered water and electricity meters. The selection of the LoRa technology by Sindcon and IoT Kreasi added strength to Semtech’s customer base. SMTC’s LoRa devices and LoRaWAN standard are also incorporated into Enthu Technology Solutions and Xorowin Mechatronics’ SIPOAL to provide constant real-time connectivity for industrial use cases.

Semtech Corporation Price and Consensus Semtech Corporation price-consensus-chart | Semtech Corporation Quote Growth in Customer Base Apart from the recent selection, Nordic Propeye incorporated Semtech’s LoRa devices into its U.S. launched HVAC optimization solution to bring down energy consumption. Some better-ranked stocks in the broader Zacks Computer & Technology sector are Arista Networks ANET, Agilent technologies A and Asure Software ASUR. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Semtech Corporation (SMTC) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

Semtech Corporation Price and Consensus Semtech Corporation price-consensus-chart | Semtech Corporation Quote Growth in Customer Base Apart from the recent selection, Nordic Propeye incorporated Semtech’s LoRa devices into its U.S. launched HVAC optimization solution to bring down energy consumption. Some better-ranked stocks in the broader Zacks Computer & Technology sector are Arista Networks ANET, Agilent technologies A and Asure Software ASUR. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Semtech Corporation (SMTC) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

Notably, the robustness of LoRaWAN helped Sindcon achieve more than 90% data success rate. The selection of the LoRa technology by Sindcon and IoT Kreasi added strength to Semtech’s customer base. Some better-ranked stocks in the broader Zacks Computer & Technology sector are Arista Networks ANET, Agilent technologies A and Asure Software ASUR.

292.0

2023-01-09 00:00:00 UTC

NXP Semiconductors (NXPI) Boosts Customer Base With VinFast

A

https://www.nasdaq.com/articles/nxp-semiconductors-nxpi-boosts-customer-base-with-vinfast

NXP Semiconductors N.V. NXPI is forming partnerships on the back of its robust portfolio of solutions. This is evident from the fact that the company recently collaborated with a Vietnam-based automotive company, VinFast. VinFast will use NXPI’s processors, semiconductors, sensors and system solutions for the development of automotive projects. With the recent alliance, NXP Semiconductors aims to support VinFast in building smarter, cleaner and connected electric vehicles. The latest move has naturally added strength to NXPI’s customer base. This is expected to contribute to its revenues in the near term. NXP Semiconductors N.V. Price and Consensus NXP Semiconductors N.V. price-consensus-chart | NXP Semiconductors N.V. Quote Growing Clientele Apart from the recent selection by VinFast, the U.S. Department of Commerce’s National Institute of Standards and Technology has chosen NXPI’s specialized security algorithm to counter quantum threats. Taiwan-based original design manufacturer, Compal Electronics, selected NXP Semiconductors’ Layerscape and Layerscape Access family of processors to enhance the latter’s 5G Integrated Small Cell solution. Foxconn group’s subsidiary, Foxconn Industrial Internet, selected NXP i.MX 8 QuadMax and radar solutions for developing a digital cockpit solution. Moreover, NXPI is experiencing strong customer engagements for S32 family of automotive processors and microcontrollers for its use in vehicles. This is a positive for the company. We believe that the growing customer momentum will continue to help NXPI win the confidence of the investors in the near and long terms. Shares of NXPI have lost 28% in the past year compared with the Computer and Technology sector’s decline of 33.9%. Portfolio Strength The increasing number of customers highlight the efficiency and reliability of NXPI’s portfolio of advanced technology offerings. The company recently introduced the next-generation of automotive radar one-chip IC family named SAF85xx for advanced driver assistance systems and autonomous driving systems. NXPI also unveiled i.MX 95 family processors, which are useful for advanced applications in automotive, industrial, networking and connectivity. NXP Semiconductors released a S32K39 series of automotive microcontrollers optimized for electric vehicle control applications. Though NXPI’s strengthening product portfolio remains a positive, the coronavirus pandemic-induced supply-chain constraints and mounting expenses continue to be major headwinds. Zacks Rank & Stocks to Consider Currently, NXP Semiconductors carries a Zacks Rank #4 (Sell). Some better-ranked stocks in the broader Zacks Computer & Technology sector are Arista Networks ANET, Agilent technologies A and Asure Software ASUR. While Arista Networks and Asure Software sport a Zacks Rank #1 (Strong Buy) at present, Agilent carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here. Arista Networks has lost 14.5% in the past year. The long-term earnings growth rate for ANET is projected at 17.5%. Agilent has gained 1.7% in the past year. A’s long-term earnings growth rate is projected at 10%. Asure Software has returned 35.8% in the past year. The long-term earnings growth rate for ASUR is projected at 23%. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. Today, See These 5 Potential Home Runs >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report NXP Semiconductors N.V. (NXPI) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

With the recent alliance, NXP Semiconductors aims to support VinFast in building smarter, cleaner and connected electric vehicles. NXP Semiconductors released a S32K39 series of automotive microcontrollers optimized for electric vehicle control applications. Though NXPI’s strengthening product portfolio remains a positive, the coronavirus pandemic-induced supply-chain constraints and mounting expenses continue to be major headwinds.

Some better-ranked stocks in the broader Zacks Computer & Technology sector are Arista Networks ANET, Agilent technologies A and Asure Software ASUR. While Arista Networks and Asure Software sport a Zacks Rank #1 (Strong Buy) at present, Agilent carries a Zacks Rank #2 (Buy). Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report NXP Semiconductors N.V. (NXPI) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

NXP Semiconductors N.V. Price and Consensus NXP Semiconductors N.V. price-consensus-chart | NXP Semiconductors N.V. Quote Growing Clientele Apart from the recent selection by VinFast, the U.S. Department of Commerce’s National Institute of Standards and Technology has chosen NXPI’s specialized security algorithm to counter quantum threats. Some better-ranked stocks in the broader Zacks Computer & Technology sector are Arista Networks ANET, Agilent technologies A and Asure Software ASUR. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report NXP Semiconductors N.V. (NXPI) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

VinFast will use NXPI’s processors, semiconductors, sensors and system solutions for the development of automotive projects. Some better-ranked stocks in the broader Zacks Computer & Technology sector are Arista Networks ANET, Agilent technologies A and Asure Software ASUR. Today, See These 5 Potential Home Runs >> Want the latest recommendations from Zacks Investment Research?

293.0

2023-01-06 00:00:00 UTC

Friday's ETF Movers: REMX, QVML

A

https://www.nasdaq.com/articles/fridays-etf-movers%3A-remx-qvml

In trading on Friday, the Rare Earth/Strategic Metals ETF is outperforming other ETFs, up about 5.7% on the day. Components of that ETF showing particular strength include shares of Piedmont Lithium, up about 6.1% and shares of MP Materials, up about 5.6% on the day. And underperforming other ETFs today is the Invesco S&P 500 QVM Multi-factor ETF, down about 0.9% in Friday afternoon trading. Among components of that ETF with the weakest showing on Friday were shares of Waters, lower by about 9.6%, and shares of Agilent Technologies, lower by about 4.6% on the day. VIDEO: Friday's ETF Movers: REMX, QVML The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Components of that ETF showing particular strength include shares of Piedmont Lithium, up about 6.1% and shares of MP Materials, up about 5.6% on the day. Among components of that ETF with the weakest showing on Friday were shares of Waters, lower by about 9.6%, and shares of Agilent Technologies, lower by about 4.6% on the day. VIDEO: Friday's ETF Movers: REMX, QVML The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Components of that ETF showing particular strength include shares of Piedmont Lithium, up about 6.1% and shares of MP Materials, up about 5.6% on the day. Among components of that ETF with the weakest showing on Friday were shares of Waters, lower by about 9.6%, and shares of Agilent Technologies, lower by about 4.6% on the day. VIDEO: Friday's ETF Movers: REMX, QVML The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In trading on Friday, the Rare Earth/Strategic Metals ETF is outperforming other ETFs, up about 5.7% on the day. And underperforming other ETFs today is the Invesco S&P 500 QVM Multi-factor ETF, down about 0.9% in Friday afternoon trading. Among components of that ETF with the weakest showing on Friday were shares of Waters, lower by about 9.6%, and shares of Agilent Technologies, lower by about 4.6% on the day.

In trading on Friday, the Rare Earth/Strategic Metals ETF is outperforming other ETFs, up about 5.7% on the day. Components of that ETF showing particular strength include shares of Piedmont Lithium, up about 6.1% and shares of MP Materials, up about 5.6% on the day. And underperforming other ETFs today is the Invesco S&P 500 QVM Multi-factor ETF, down about 0.9% in Friday afternoon trading.

294.0

2023-01-06 00:00:00 UTC

Agilent, Akoya Partner To Drive Multiplex Tissue Assay Development For Biopharma Applications

A

https://www.nasdaq.com/articles/agilent-akoya-partner-to-drive-multiplex-tissue-assay-development-for-biopharma

(RTTNews) - Agilent Technologies Inc. (A) said that it has partnered with Akoya Biosciences Inc. (AKYA) to develop multiplex-immunohistochemistry diagnostic solutions for tissue analysis and to commercialize workflow solutions for multiplex assays in the clinical research market. Integrating Agilent's Dako Omnis (autostaining instrument) and Akoya's PhenoImager HT for multiplex chromogenic immunohistochemistry (mIHC) and immunofluorescent (mIF) assays will create a singular end-to-end commercial workflow, including reagents, staining, imaging, and analysis. The companies noted that they will partner to develop chromogenic and immunofluorescent multiplex assays that include spatial analysis for biopharma companies developing precision cancer therapeutics. Under a separate Value-Added Reseller agreement, Akoya Biosciences will distribute and resell Dako Omnis as a part of the end-to-end multiplex solution. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

(RTTNews) - Agilent Technologies Inc. (A) said that it has partnered with Akoya Biosciences Inc. (AKYA) to develop multiplex-immunohistochemistry diagnostic solutions for tissue analysis and to commercialize workflow solutions for multiplex assays in the clinical research market. Integrating Agilent's Dako Omnis (autostaining instrument) and Akoya's PhenoImager HT for multiplex chromogenic immunohistochemistry (mIHC) and immunofluorescent (mIF) assays will create a singular end-to-end commercial workflow, including reagents, staining, imaging, and analysis. The companies noted that they will partner to develop chromogenic and immunofluorescent multiplex assays that include spatial analysis for biopharma companies developing precision cancer therapeutics.

(RTTNews) - Agilent Technologies Inc. (A) said that it has partnered with Akoya Biosciences Inc. (AKYA) to develop multiplex-immunohistochemistry diagnostic solutions for tissue analysis and to commercialize workflow solutions for multiplex assays in the clinical research market. Integrating Agilent's Dako Omnis (autostaining instrument) and Akoya's PhenoImager HT for multiplex chromogenic immunohistochemistry (mIHC) and immunofluorescent (mIF) assays will create a singular end-to-end commercial workflow, including reagents, staining, imaging, and analysis. The companies noted that they will partner to develop chromogenic and immunofluorescent multiplex assays that include spatial analysis for biopharma companies developing precision cancer therapeutics.

(RTTNews) - Agilent Technologies Inc. (A) said that it has partnered with Akoya Biosciences Inc. (AKYA) to develop multiplex-immunohistochemistry diagnostic solutions for tissue analysis and to commercialize workflow solutions for multiplex assays in the clinical research market. Integrating Agilent's Dako Omnis (autostaining instrument) and Akoya's PhenoImager HT for multiplex chromogenic immunohistochemistry (mIHC) and immunofluorescent (mIF) assays will create a singular end-to-end commercial workflow, including reagents, staining, imaging, and analysis. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

(RTTNews) - Agilent Technologies Inc. (A) said that it has partnered with Akoya Biosciences Inc. (AKYA) to develop multiplex-immunohistochemistry diagnostic solutions for tissue analysis and to commercialize workflow solutions for multiplex assays in the clinical research market. Integrating Agilent's Dako Omnis (autostaining instrument) and Akoya's PhenoImager HT for multiplex chromogenic immunohistochemistry (mIHC) and immunofluorescent (mIF) assays will create a singular end-to-end commercial workflow, including reagents, staining, imaging, and analysis. The companies noted that they will partner to develop chromogenic and immunofluorescent multiplex assays that include spatial analysis for biopharma companies developing precision cancer therapeutics.

295.0

2023-01-05 00:00:00 UTC

Texas Instruments (TXN) Boosts EV Prospects With New Monitors

A

https://www.nasdaq.com/articles/texas-instruments-txn-boosts-ev-prospects-with-new-monitors

In a bid to expand its footprint in the automotive industry, Texas Instruments TXN unveiled the battery cell monitor — BQ79718-Q1, and battery pack monitor — BQ79731-Q1, which are designed for electric vehicles (EVs). The new monitors are capable of increasing the overall life and safety of a battery pack in an EV, and determining the true range of the vehicle by offering accuracy and precision in measuring battery voltage, current and temperature. More precisely, BQ79718-Q1 offers high-performance battery cell voltage measurements down to 1 mV of accuracy, which enables automakers to maximize the true range of their EVs. BQ79731-Q1 offers measurement of the battery pack current down to 0.05% accuracy. Both monitors are well-equipped to provide accurate state of charge estimations and state of health at individual cell and pack level. Hence, BQ79718-Q1 and BQ79731-Q1 are designed to maximize the drive time of an EV and ensure safer operation with such a strong measurement capability. With the latest move, the company expanded its family of high-precision battery monitors and balancers. Texas Instruments Incorporated Price and Consensus Texas Instruments Incorporated price-consensus-chart | Texas Instruments Incorporated Quote Growth Prospects in EV With such robust features, Texas Instruments is expected to see strong adoption of its new monitors by EV automakers. This, in turn, will likely aid the company in expanding its presence in the booming EV market. According to the Precedence Market report, the EV market is anticipated to reach more than $1.1 trillion by 2030, seeing a CAGR of 23.1% between 2022 and 2030. Per a report from MarketsandMarkets, the underlined market is expected to reach 39.2 billion units by 2030, witnessing a CAGR of 21.7% between 2022 and 2030. A Statista report shows that revenues in this market are likely to hit $451.6 billion in 2023 and reach $846.7 billion by 2027, seeing a CAGR of 17.02% between 2023 and 2027. Expanding BMS Portfolio With the launch of BQ79718-Q1 and BQ79731-Q1, Texas Instruments added strength to its offerings in the automotive market. The new monitors have expanded the company’s battery management system (BMS) device portfolio, which includes the CC2662R-Q1 wireless microcontroller for wireless BMS, the TPSI3050-Q1 isolated switch driver and TPSI2140-Q1 isolated switch device. With an expanding BMS portfolio, Texas Instruments is well-poised to capitalize on the growth prospects in the BMS market. According to a MarketsandMarkets report, this market is expected to hit $7.8 billion in 2023 and reach $18.4 billion by 2028, witnessing a CAGR of 18.7% between 2023 and 2028. Per a Precedence Research report, the market is likely to reach $35.1 billion by 2030, witnessing a CAGR of 21.2% between 2022 and 2030. The company’s strong prospects in both BMS and EV markets are likely to aid its performance in the automotive end-market, and instill investor optimism in the stock. Notably, shares of Texas Instruments have lost 9.4% over a year. Zacks Rank & Stocks to Consider Currently, Texas Instruments carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader Zacks Computer & Technology sector are Arista Networks ANET, Agilent technologies A and ASML Holding ASML. While Arista Networks currently sports a Zacks Rank #1 (Strong Buy), Agilent and ASML Holding carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here. Arista Networks has lost 16.7% in the past year. The long-term earnings growth rate for ANET is projected at 17.5%. Agilent has lost 7.9% in the past year. A’s long-term earnings growth rate is projected at 10%. ASML Holding has lost 31.5% in the past year. The long-term earnings growth rate for ASML is projected at 23.74%. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock And 4 Runners Up Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Texas Instruments Incorporated (TXN) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report ASML Holding N.V. (ASML) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

More precisely, BQ79718-Q1 offers high-performance battery cell voltage measurements down to 1 mV of accuracy, which enables automakers to maximize the true range of their EVs. The company’s strong prospects in both BMS and EV markets are likely to aid its performance in the automotive end-market, and instill investor optimism in the stock. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.

In a bid to expand its footprint in the automotive industry, Texas Instruments TXN unveiled the battery cell monitor — BQ79718-Q1, and battery pack monitor — BQ79731-Q1, which are designed for electric vehicles (EVs). While Arista Networks currently sports a Zacks Rank #1 (Strong Buy), Agilent and ASML Holding carry a Zacks Rank #2 (Buy). Click to get this free report Texas Instruments Incorporated (TXN) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report ASML Holding N.V. (ASML) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

In a bid to expand its footprint in the automotive industry, Texas Instruments TXN unveiled the battery cell monitor — BQ79718-Q1, and battery pack monitor — BQ79731-Q1, which are designed for electric vehicles (EVs). Texas Instruments Incorporated Price and Consensus Texas Instruments Incorporated price-consensus-chart | Texas Instruments Incorporated Quote Growth Prospects in EV With such robust features, Texas Instruments is expected to see strong adoption of its new monitors by EV automakers. Click to get this free report Texas Instruments Incorporated (TXN) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report ASML Holding N.V. (ASML) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

In a bid to expand its footprint in the automotive industry, Texas Instruments TXN unveiled the battery cell monitor — BQ79718-Q1, and battery pack monitor — BQ79731-Q1, which are designed for electric vehicles (EVs). Expanding BMS Portfolio With the launch of BQ79718-Q1 and BQ79731-Q1, Texas Instruments added strength to its offerings in the automotive market. Zacks Rank & Stocks to Consider Currently, Texas Instruments carries a Zacks Rank #3 (Hold).

296.0

2023-01-05 00:00:00 UTC

Garmin (GRMN) Boosts Automotive Offerings With Dash Cam Live

A

https://www.nasdaq.com/articles/garmin-grmn-boosts-automotive-offerings-with-dash-cam-live

Garmin GRMN introduced an always-connected LTE dash cam — Dash Cam Live, in a bid to bolster its automotive segment. Dash Cam Live, which marks the company’s first LTE-connected dash cam, records high-definition 1440p video with a 140-degree field of view and offers access to a live exterior view of the vehicle. Users can view everything within sight of the Dash Cam Live in their vehicle with the aid of an LTE subscription and the Garmin Drive app. The new dash cam provides theft alerts and other incident alerts, reassuring drivers or vehicle owners. The underlined device is designed to withstand harsh vehicle environments such as direct sunlight and hot car interior temperatures. With the introduction of Dash Cam Live, Garmin expanded its dash cam offerings. Garmin Ltd. Price and Consensus Garmin Ltd. price-consensus-chart | Garmin Ltd. Quote Growing Portfolio of Automotive Solutions The latest move bodes well for the company’s strong efforts toward expanding its portfolio of automotive solutions. Apart from the latest launch, the company unveiled tablet-like 8 and 10-inch RV 895 and RV 1095 navigators, which feature large display, and provide custom vehicle routing and preloaded traveler content in order to deliver an enhanced camping experience. Garmin’s introduction of the dezlCam OTR710, featuring a high-definition dash cam to provide a safe-driving experience to drivers, is another positive. It also launched the dezl OTR series of trucking navigators, featuring arrival planning with automatic birds-eye satellite imagery for high-resolution aerial views during truck entries at the security gates and while loading at dock destinations. The continuous launch of automotive solutions is expected to help Garmin bolster its presence in the growing automotive market. This, in turn, is likely to aid GRMN in raising investors' optimism about the stock in the days ahead. Notably, shares of GRMN have been down 28% over a year. Customer Base to Expand We believe that expanding the automotive solutions portfolio will continue to strengthen its customer base. Recently, Palomino RV selected the Garmin ONE (Operation, Navigation, Entertainment) solution to boost its Pause line of travel trailers. With the Garmin ONE technology, Palomino aims to provide camping trailer users with seamless control of camper systems, navigation and entertainment. Arctic Cat also chose Garmin’s Tread navigators to outfit the new Wildcat XX Black Hills Edition side-by-side vehicles for technical trail riding, difficult climbs and rock crawling. We note that the strengthening clientele will continue to drive GRMN’s automotive segment revenues in the days ahead. The automotive segment generated $135.6 million in sales, accounting for 12% of the total third-quarter 2022 revenues. Zacks Rank & Stocks to Consider Currently, Garmin carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader Zacks Computer & Technology sector are Arista Networks ANET, Agilent technologies A and ASML Holding ASML. While Arista Networks currently sports a Zacks Rank #1 (Strong Buy), Agilent and ASML Holding carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here. Arista Networks has lost 16.7% in the past year. The long-term earnings growth rate for ANET is projected at 17.5%. Agilent has lost 7.9% in the past year. A’s long-term earnings growth rate is projected at 10%. ASML Holding has lost 31.5% in the past year. The long-term earnings growth rate for ASML is projected at 23.74%. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock And 4 Runners Up Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Garmin Ltd. (GRMN) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report ASML Holding N.V. (ASML) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Recently, Palomino RV selected the Garmin ONE (Operation, Navigation, Entertainment) solution to boost its Pause line of travel trailers. With the Garmin ONE technology, Palomino aims to provide camping trailer users with seamless control of camper systems, navigation and entertainment. Arctic Cat also chose Garmin’s Tread navigators to outfit the new Wildcat XX Black Hills Edition side-by-side vehicles for technical trail riding, difficult climbs and rock crawling.

With the introduction of Dash Cam Live, Garmin expanded its dash cam offerings. While Arista Networks currently sports a Zacks Rank #1 (Strong Buy), Agilent and ASML Holding carry a Zacks Rank #2 (Buy). Click to get this free report Garmin Ltd. (GRMN) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report ASML Holding N.V. (ASML) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

Garmin GRMN introduced an always-connected LTE dash cam — Dash Cam Live, in a bid to bolster its automotive segment. Garmin Ltd. Price and Consensus Garmin Ltd. price-consensus-chart | Garmin Ltd. Quote Growing Portfolio of Automotive Solutions The latest move bodes well for the company’s strong efforts toward expanding its portfolio of automotive solutions. Click to get this free report Garmin Ltd. (GRMN) : Free Stock Analysis Report Agilent Technologies, Inc. (A) : Free Stock Analysis Report ASML Holding N.V. (ASML) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

Garmin GRMN introduced an always-connected LTE dash cam — Dash Cam Live, in a bid to bolster its automotive segment. Some better-ranked stocks in the broader Zacks Computer & Technology sector are Arista Networks ANET, Agilent technologies A and ASML Holding ASML. ASML Holding has lost 31.5% in the past year.

297.0

2023-01-05 00:00:00 UTC

Agilent (A) to Expand Portfolio With Avida Biomed Acquisition

A

https://www.nasdaq.com/articles/agilent-a-to-expand-portfolio-with-avida-biomed-acquisition

Agilent Technologies A made an announcement to take over an early-stage life sciences company, Avida Biomed. Avida Biomed develops high-performance target enrichment workflows to aid clinical researchers using next-generation sequencing (NGS) approaches in studying cancer. The company offers genomics tools, which enable simultaneous genomic and DNA methylation profiling from a single sample, while maintaining sensitivity or specificity. Avida Biomed’s chemistries and assays are compatible with Agilent’s automation platforms, Magnis and Bravo. The compatibility will enable efficient scaling of research experiments and routine sample testing. Agilent Technologies, Inc. Price and Consensus Agilent Technologies, Inc. price-consensus-chart | Agilent Technologies, Inc. Quote Acquisition Benefits The acquisition of Avida Biomed will highly complement Agilent’s SureSelect portfolio and NGS offerings. It will add strength to A’s portfolio of clinical research solutions. With the takeover of Avida Biomed, Agilent aims to strengthen its presence in the booming clinical research and diagnostics markets. On the back of Avida Biomed’s technology, Agilent will enable scientists working in precision medicine to develop approaches for a variety of clinical applications. This will help Agilent gain momentum among clinical researchers and scientists, which, in turn, will drive its top-line growth in the days ahead. Consequently, this will help the company win the confidence of the investors in the near and long terms. Shares of Agilent have gained 2.1% in the past year against the Computer and Technology sector’s decline of 33.4%. Growing Portfolio of Solutions The recent announcement of acquiring Avida Biomed bodes well with Agilent’s growing initiatives toward expanding portfolio offerings to better serve its customers. Apart from the latest move, Agilent released enhanced 8700 LDIR Chemical Imaging System for the analysis of microplastics in environmental samples. The company also introduced the MassHunter BioConfirm 12.0 software, which supports data generated by Agilent high-resolution LC/MS assessing oligonucleotide purity and sequence confirmation required for biopharma research. Agilent collaborated with APC Ltd. to combine their technologies and develop unique workflows to cater to the needs of customers in the biopharmaceutical and pharmaceutical industry. We believe that the growing portfolio offerings will continue to help Agilent strengthen its presence in the life sciences, diagnostics and applied chemical markets. Zacks Rank & Other Stocks to Consider Currently, Agilent carries a Zacks Rank #2 (Buy). Some other top-ranked stocks in the broader Zacks Computer & Technology sector are Arista Networks ANET, ASML Holding ASML and Asure Software ASUR. While Arista Networks and Asure Software currently sport a Zacks Rank #1 (Strong Buy), ASML carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here. Arista Networks has lost 14.5% in the past year. The long-term earnings growth rate for ANET is projected at 17.5%. ASML has moved 23.5% south in the past year. ASML’s long-term earnings growth rate is projected at 23.7%. Asure Software has returned 34.1% in the past year. The long-term earnings growth rate for ASUR is projected at 23%. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock And 4 Runners Up Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report ASML Holding N.V. (ASML) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Avida Biomed develops high-performance target enrichment workflows to aid clinical researchers using next-generation sequencing (NGS) approaches in studying cancer. On the back of Avida Biomed’s technology, Agilent will enable scientists working in precision medicine to develop approaches for a variety of clinical applications. The company also introduced the MassHunter BioConfirm 12.0 software, which supports data generated by Agilent high-resolution LC/MS assessing oligonucleotide purity and sequence confirmation required for biopharma research.

Some other top-ranked stocks in the broader Zacks Computer & Technology sector are Arista Networks ANET, ASML Holding ASML and Asure Software ASUR. While Arista Networks and Asure Software currently sport a Zacks Rank #1 (Strong Buy), ASML carries a Zacks Rank #2. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report ASML Holding N.V. (ASML) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

Agilent Technologies, Inc. Price and Consensus Agilent Technologies, Inc. price-consensus-chart | Agilent Technologies, Inc. Quote Acquisition Benefits The acquisition of Avida Biomed will highly complement Agilent’s SureSelect portfolio and NGS offerings. Some other top-ranked stocks in the broader Zacks Computer & Technology sector are Arista Networks ANET, ASML Holding ASML and Asure Software ASUR. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report ASML Holding N.V. (ASML) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

The compatibility will enable efficient scaling of research experiments and routine sample testing. Some other top-ranked stocks in the broader Zacks Computer & Technology sector are Arista Networks ANET, ASML Holding ASML and Asure Software ASUR. ASML has moved 23.5% south in the past year.

298.0

2023-01-05 00:00:00 UTC

NXP (NXPI) Boosts Portfolio With i.MX 95 Application Processors

A

https://www.nasdaq.com/articles/nxp-nxpi-boosts-portfolio-with-i.mx-95-application-processors

NXP Semiconductors N.V. NXPI expanded its i.MX 9 series of application processors with the addition of i.MX 95 family processors. The i.MX 95 family processors include immersive Arm Mali powered 3D graphics, high-performance and multi-core compute, and NXP eIQ Neutron Neural Processing Unit. The latest processors incorporate a secure enclave for seamless implementation of security critical functions. The processors also implement NXP’s Energy Flex architecture to let developers run real-time safety domain at all times for sensor data monitoring. By combining the i.MX 95 family processors with its expertise in functional safety, high-performance CPU cores and high-throughput connectivity, NXP aims to set a standard for safe and secure edge platforms. Based on the above-mentioned features, the recent i.MX 95 processors are useful for machine learning and high-speed data processing for advanced applications in automotive, industrial, networking, connectivity and advanced human machine interface. NXP Semiconductors N.V. Price and Consensus NXP Semiconductors N.V. price-consensus-chart | NXP Semiconductors N.V. Quote Growing i.MX Application Processors Portfolio NXP is consistently bringing efficient and reliable portfolio of i.MX applications processors used for various multi-media and display applications. The recent introduction of i.MX 95 family processors is a step forward in this direction. Apart from the recent launch, the company unveiled the i.MX 93 family of application processors that use machine learning for automotive, smart home, smart building and smart factory applications. Further, it expanded the EdgeVerse portfolio with i.MX 8ULP, Microsoft Azure Sphere-certified i.MX 8ULP-CS and i.MX 9 applications processors to enhance security, as well as energy efficiency. We expect the expansion of its portfolio of i.MX application processors to be the key factor behind NXP’s growth in the days ahead. This, in turn, will help NXPI win the confidence of the investors in the near term and the long haul. Shares of NXP have lost 29.7% in the past year, outperforming the Computer and Technology sector’s decline of 33.4%. Booming Application Processors' Prospects NXP’s strength in the i.MX application processors will continue to help it capitalize in the growing prospects in the application processor market. Per a MMR report, the global application processor market is expected to reach $38.7 billion by 2027, witnessing a CAGR of 6.7% between 2022 and 2027. According to an imarc report, the same market is likely to hit $44.3 billion by 2028 from $35.2 billion in 2022, seeing a CAGR of 3.8% during the 2023-2028 period. Though NXPI’s strengthening efforts toward application processors remain a positive, the coronavirus pandemic-induced supply-chain constraint and mounting expenses continue to remain major headwinds. Zacks Rank & Stocks to Consider Currently, NXP Semiconductors carries a Zacks Rank #4 (Sell). Some better-ranked stocks in the broader Zacks Computer & Technology sector are Arista Networks ANET, Agilent technologies A and Asure Software ASUR. While Arista Networks and Asure Software currently sport a Zacks Rank #1 (Strong Buy), Agilent carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here. Arista Networks has lost 14.5% in the past year. The long-term earnings growth rate for ANET is projected at 17.5%. Agilent has gained 2.1% in the past year. A’s long-term earnings growth rate is projected at 10%. Asure Software has returned 34.1% in the past year. The long-term earnings growth rate for ASUR is projected at 23%. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock And 4 Runners Up Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report NXP Semiconductors N.V. (NXPI) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The i.MX 95 family processors include immersive Arm Mali powered 3D graphics, high-performance and multi-core compute, and NXP eIQ Neutron Neural Processing Unit. The processors also implement NXP’s Energy Flex architecture to let developers run real-time safety domain at all times for sensor data monitoring. By combining the i.MX 95 family processors with its expertise in functional safety, high-performance CPU cores and high-throughput connectivity, NXP aims to set a standard for safe and secure edge platforms.

NXP Semiconductors N.V. Price and Consensus NXP Semiconductors N.V. price-consensus-chart | NXP Semiconductors N.V. Quote Growing i.MX Application Processors Portfolio NXP is consistently bringing efficient and reliable portfolio of i.MX applications processors used for various multi-media and display applications. Some better-ranked stocks in the broader Zacks Computer & Technology sector are Arista Networks ANET, Agilent technologies A and Asure Software ASUR. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report NXP Semiconductors N.V. (NXPI) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

NXP Semiconductors N.V. Price and Consensus NXP Semiconductors N.V. price-consensus-chart | NXP Semiconductors N.V. Quote Growing i.MX Application Processors Portfolio NXP is consistently bringing efficient and reliable portfolio of i.MX applications processors used for various multi-media and display applications. Booming Application Processors' Prospects NXP’s strength in the i.MX application processors will continue to help it capitalize in the growing prospects in the application processor market. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report NXP Semiconductors N.V. (NXPI) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

NXP Semiconductors N.V. NXPI expanded its i.MX 9 series of application processors with the addition of i.MX 95 family processors. We expect the expansion of its portfolio of i.MX application processors to be the key factor behind NXP’s growth in the days ahead. Some better-ranked stocks in the broader Zacks Computer & Technology sector are Arista Networks ANET, Agilent technologies A and Asure Software ASUR.

299.0

2023-01-04 00:00:00 UTC

Alphabet (GOOGL) Boosts Google Voice With Suspected Spam Caller

A

https://www.nasdaq.com/articles/alphabet-googl-boosts-google-voice-with-suspected-spam-caller

Alphabet’s GOOGL division Google is consistently working toward enhancing its telephonic service, Google Voice. This is evident from the fact that the company recently added a feature, suspected spam caller, to Google Voice. Users can view the suspected spam caller both on the call screen and history list. They can also confirm a suspected spam call and send the number to the spam folder. With the recent capability, Google aims to provide an enhanced calling experience to Google Voice users. This is expected to boost the adoption rate of Google Voice. Alphabet Inc. Price and Consensus Alphabet Inc. price-consensus-chart | Alphabet Inc. Quote Growing Google Voice Initiatives Apart from the recent feature, Google added an intelligent network-switching capability to Google Voice to provide an enhanced calling experience to users. GOOGL unveiled a feature for Google Voice Standard and Premier customers, wherein Voice users can connect with a Session Initiation Protocol trunk from their telecommunications carrier via certified session board controllers from Oracle, Cisco, Ribbon and Audiocodes. With this initiative, Google aims to add more customers to Google Voice. Google also introduced the call recording feature, which enables admins to automatically or manually manage call recordings. This capability is currently available for enterprise subscribers. Additionally, Google added Smart Reply feature to Google Voice for Android users. The feature provides three text suggestions, tapping on them automatically sends messages to the concerned person. Efforts to Bolster Google Workspace With the recent initiative, Alphabet added strength to the Google Workspace, consisting of Gmail, Meet, Drive, Calendar, Contacts, Voice and more. Google Workspace continues driving GOOGL’s momentum across organizations demanding productivity and collaboration tools. Apart from Voice efforts, the company updated Google Meet with picture-in-picture and multi-pinning features to help presenters and attendees stay glued to meetings. Google updated Google Docs by adding emoji reactions to documents for expressing opinions informally. It also added writing suggestions capability, featuring a purple underline to help users with the tone, style and word choice. Google rolled out a redesigned Gmail on the web to provide users with an enhanced email experience. All these endeavors are expected to continuously bolster the adoption rate of Google Workspace, which will likely to drive Alphabet’s top line in the days ahead. This, in turn, will help the company win the confidence of the investors in the near and long terms. Shares of Alphabet have lost 35.3% in the past year compared with the Computer and Technology sector’s decline of 33.2%. Zacks Rank & Stocks to Consider Currently, Alphabet carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader Zacks Computer & Technology sector are Arista Networks ANET, Agilent technologies A and Asure Software ASUR. While Arista Networks and Asure Software sport a Zacks Rank #1 (Strong Buy) at present, Agilent carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here. Arista Networks has lost 9.2% in the past year. The long-term earnings growth rate for ANET is currently projected at 17.5%. Agilent has gained 0.9% in the past year. A’s long-term earnings growth rate is currently projected at 10%. Asure Software has returned 27.6% in the past year. The long-term earnings growth rate for ASUR is currently projected at 23%. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year. Free: See Our Top Stock and 4 Runners Up >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

It also added writing suggestions capability, featuring a purple underline to help users with the tone, style and word choice. All these endeavors are expected to continuously bolster the adoption rate of Google Workspace, which will likely to drive Alphabet’s top line in the days ahead. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.

Alphabet Inc. Price and Consensus Alphabet Inc. price-consensus-chart | Alphabet Inc. Quote Growing Google Voice Initiatives Apart from the recent feature, Google added an intelligent network-switching capability to Google Voice to provide an enhanced calling experience to users. Efforts to Bolster Google Workspace With the recent initiative, Alphabet added strength to the Google Workspace, consisting of Gmail, Meet, Drive, Calendar, Contacts, Voice and more. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

Alphabet’s GOOGL division Google is consistently working toward enhancing its telephonic service, Google Voice. Alphabet Inc. Price and Consensus Alphabet Inc. price-consensus-chart | Alphabet Inc. Quote Growing Google Voice Initiatives Apart from the recent feature, Google added an intelligent network-switching capability to Google Voice to provide an enhanced calling experience to users. Click to get this free report Agilent Technologies, Inc. (A) : Free Stock Analysis Report Asure Software Inc (ASUR) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Arista Networks, Inc. (ANET) : Free Stock Analysis Report To read this article on Zacks.com click here.

With the recent capability, Google aims to provide an enhanced calling experience to Google Voice users. Efforts to Bolster Google Workspace With the recent initiative, Alphabet added strength to the Google Workspace, consisting of Gmail, Meet, Drive, Calendar, Contacts, Voice and more. Some better-ranked stocks in the broader Zacks Computer & Technology sector are Arista Networks ANET, Agilent technologies A and Asure Software ASUR.